The DOW retracement was weaker than the 50% as expected from my previous journal. It gapped up and stretched to reach a 1/3rd retracement and came back to re-test the recent low.

The DOW retraced precisely 1/3rd of the recent downward movement and went on to re-test the recent low. Of 3 possible moves, the 1/3rd, 50%, and 2/3rd, I covered the latter two by thinking that the recent hard and fast fall ought to be followed up by a powerful retracement as well. But the retracement was a weak one and it seems like the market makers are trying to gather more bear steam to take the DOW much farther down.

The discipline I learned includes the quick action of placing bearish trade upon the breaking of the support at previous day's high that will turn more bearish when falling below the previous day's open or close, whichever is higher, depending on previous day's candlestick formation. My trading discipline should be followed strictly without emotions or opinions for the entire strategy to work.

Apparently, the minor concern I talked about yesterday, materialized. The DOW could not last a day being above the trendline I scratched.