20070627 The cash DJIA made a dou bottom around our projected support level of 13009. Taking longs with this pattern at support on the ES and YM futures, turned out to be a good swing trade entry. Appropriate money management applies.
"The Dow rose 90.07, or 0.68 percent, to 13,427.73, after dropping 77 points earlier in the day. The blue-chip index had lost a total of 208 points in the previous three sessions.
Broader indexes also rose. The Standard & Poor's 500 index gained 13.45, or 0.90 percent, to 1,506.34, and the Nasdaq composite index jumped 31.19, or 1.21 percent, to 2,605.35."
Quoted from Yahoo finance: "Stocks Rally Ahead of Fed Rate Decision" E-mini S&P 500 chart
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