I bought DDM at 61.70  and i figured out it's volatility through Average true Range (ATR) was around $2.40      61.7-2.4= 59.3

I decided to give it a little more space so i set $59.

with 15 shares i held at 61.7 i spent $932.5 ($7 commission included)
i sold with a stop rule in effect at $59  so that is  $878 after commission is deducted.

I ended up losing $54.5 or about 5.8%. I'm fine with that as long as it keeps me out of trouble.

Remember!
Disciplined Traders Use Stops and Never go against their own rules.

On July 15,2008 the Dow Jones Index fell to 10,827 to make a new 52-week low. That new low came very close to my prediction and soon after it began rebounding. Since the weekend came and I found some time to go and revisit the chart for the dow I now think that the index has bottomed out and should begin to climb.

I believe the market will begin recovering because of a few reasons.
1. 10,800 is a very strong support zone going back to 2006
2. Oil prices have recently fallen from $146  to $128 (maybe that  bubble is deflating)
3. The chart shows that the sellers are moving out and more buyers are beginning to take over (green and red lines almost crossing. Green is buyers, red is sellers)
4. At the end of the chart is the amount of money being put in the market. Since mid May it was in a downtrend which meant people were taking money out of the market and now it has broken out of the trend.

As you will see in the chart below however, today's action is within the downturn trend line and it needs to close above 11,500 or we might not have hit recovery period just yet.

Without further adieu i present to you... the Dow Jones Industrial Recovery Chart.

At this point i have invested in stock symbol (DDM) which has the top 30 Dow Jones Companies.
It goes mostly parallel to the Dow Jones Industrial Index. You can check out my current holdings at my Covestor page.
If you have any comments feel free to post them.