July 29th, 2010
Published Daily

$ DIA – Diamonds Trust (Last: 94.18)

by Rick Ackerman on October 2, 2009 6:16 am GMT

Bid 94.71, stop 94.66, for 200 shares.  Our bid is a penny above the ‘d’ target of a sausage-y pattern, but the abc (a=99.16 on the hourly chart) is otherwise so whacky and obscure as to be mildly compelling. You’ll be on your own if the order fills. _______ UPDATE (9:13 a.m.):  The Diamonds are indicating a gap-down opening this morning near 94.18, so this trade obviously won’t work.  Cancel the order.

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