I haven't posted any comments on the DOW futures since January 9th but I have been watching (and trading) when the opportunity arises. As I'm sure you are aware, I am a long-term BEAR on the Stock Index futures and I recently began SHORTING the JUN $5 DOW futures contract, first at 11100 and then at 11200. Here's my strategy and it's certainly not too late to get on board. I'm risking $7500 on this strategy and I'll be the first to admit that most professional traders would think I've taken leave of my senses regarding my approach to this particular market. But, as I like to point out, it's MY MONEY!! I'm using a 150 point stop loss or $750 per trade. I'm trading one lots and I'm selling all the way up to 12000. As it stands right now, with the market closing at 11118 (down 11 on the day), I'm up 64 points on my 2 positions. I will SELL another Jun DOW contract at 11000 STOP and continue to do so until further notice. If you have any questions or comments you can post them here on the Weblog.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
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