DOW - Upside Resistances ....

when rallies of 900 points occur and followed by an attempt to rally yet again, can be bewitching an experience.... some may decide to move aLONG....but i caution the bear trend that is still largely in place...

a Long position now must be with a long term view as the economic crisis is far from over. rate cuts can help with liquidity in system, but risks is not abated as a result of easy money.

i prefer to sell into major rally days, by either adjusting existing positions to capture High IV or enter fresh bearish positions at my predetermined resistance points..

good luck to all....wish you HUat HUat !!!

DOW - Weekly Bar Chart