Well the DJI did bounce down to the moving averages and bounce straight up to 12,724(not shown on chart) this morning nearly in line with the previous high. As stated this is a bullish environment with a great entry on the 20/07/2011. This inside bar after a strong and long bar is a classic entry signal.
It reminds me of those small little fishes that suck on whales backs. If you see them they provide an excellent entry and stop level. The stop level is at the bottom of the bar so its nice and tight and if you position size correctly then you get more bang for your buck.
