Monday, May 19, 2008

Prediction based trade 49: US market May 19

Dow  up about 48 points

 

Sell 100 shares of 3M co at limit price of $ 78.98 ( price now is $ 78.92). Stop loss $1.00

 

Sell e mini Dow futures 1 lot if Dow hits + 85 points ( now up 48 points)  in next 2 hours.

 

 

Note -basis for prediction based trade : Index like to be volatile with a sharp decline possible in late afternoon

 

Disclaimer: all risk to be borne by trader

 
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