Money Making Book: An Investor's Guide to Options Trading
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August 28, 2007

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There is a risk of loss in all trading. Past results are not necessarily indicative of future results. Results shown here should be considered hypothetical. Hypothetical results do not correspond to actual profits or losses.

Thursday's Prices

Update #705  August 8, 2007      PRINTABLE VERSION

Closing prices Net
Dow 13,657.86 +153.56
DIA 136.55 +1.50
YMU7 * 13705 +157
DDM 96.40 +2.58
DXD 48.64 -0.97
  • Last System signal: Long signal Wednesday August 1, 2007
  • Most Recent action: Exit to cash
  • Current Position: CASH

Instructions for Thursday: With the persistent volatility, (the Dow moved over 200 points in the final 90-min of trading Wednesday) we are going to hold off for one more day as the risk of whipsaw is just too great at this time.

Wednesday was a strong day for the market; however, late day rumors, which turned out to be false, drove volatility through the roof. While prices have firmed substantially over the past few days, seeing these late day downward thrusts of significant magnitude is enough to make once head spin.

Technically, if the Dow pushes above 13,692 on Thursday without breaking 13,485.5 then our primary signal will shift from down to up.

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



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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.

There is risk of loss in all trading. Past results are not necessarily indicative of future results.
Results are hypothetical. Hypothetical results do not correspond to actual profits or losses.

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