Buy CZ here at or around 678 1/2. Its 1/2 way back of the rally going back to the 5.75 low in July up to the recent August high at 7.80.
Buy it and use good risk/reward parameters.
As far as the Dow Futures, 5 days ago we were at 10,700. Friday’s high was 10,450.
Today we rolled down to 11,176. 11,166 would have been a 38% pullback. I had orders to buy it there, but didn’t get filled. We never traded there. Currently we are at at 11,215.
Here at 11,215, we are smack dab in the middle of our one month trading range in the Dow, going back to the panic of August at 10,400 up to our Sep high at 11,705. We are, in effect, in no man’s land in the dow.
That’s all for now.
CER