Monday's Prices

Update #682 July 8, 2007 PRINTABLE VERSION

Closing prices		Net
Dow	13,611.68	+45.84
DIA	136.13	+0.57
YMU7 *	13708	+58
DDM	96.31	+0.81
DXD	48.90	-0.44

Last System signal: Long signal Thursday July 5, 2007
Most Recent action: New Long
Current Position: Long

Instructions for Monday: Use an initial stop price of 13,480.
If the Dow pushes above 13,620 then raise the stop price to 13,522.

Friday's economic report was fine. It produced a soft start for the market and the fact the Dow shook off the early weakness and closed with a positive tone looks good. We may see a little bit of corrective action at the first of the week, but on balance, the price action is pointing towards higher prices. The Dow took out 13,600, which confirms the buy signal given on Thursday.

Jim Patterson.

If you questions, please send them to editorial@dowdoublediamond.com I try to answer all emails within 48 hours; however, sometimes it takes a little longer, and once in a while an email gets lost. If you don't hear from me in 4 days, please write again. Thanks!

* The ticker for the September E-Mini eCBOT Dow $5 contract is YMU7

The Dow Double Diamond system was designed for trading the Dow Diamonds (symbol DIA). Some investors may choose to use the system with Dow or Dow Diamond futures or even options. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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Results are hypothetical. Hypothetical results do not correspond to actual profits or losses.

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Monday's Prices