dow, page-37

I completely agree gann45. I'm envious of you! Trouble is, I'm still not in a position to cut my losses overnight if things go pear shaped and until I can trade the spi overnight I only take day trades. This is not hard and fast, I've been short for the past two days and nights which is nice but I'm out now because the market is at support. I'll wait and see how it holds.

Talking of support, this is an interesting juncture. Theres important static support at 5018 and thats also around the current uptrend line since the low. Against that, the recent consolidation is in a bearish upward wedge indicating that a fall through support is more likely. Be interesting to see how it pans out. Personally I'm bearish but not putting money on it atm - might change soon tho.
cheers!