Thursday, March 11, 2010

3/11 1:00

Market is approaching upper end of DJI downtrend channel.  Will do a buy of SDS when DJI hits 10,572..

Stop on the SKF short financials is to sell all SKF if IYF > 55.65, which is 5 ticks above yesterday's high.  This is a highly speculative segment of the market and will collapse if the market tanks. 

The rest of the short stock positions stop loss is the same as it has been.  If XMI > 1172 sell all short stock ETFs.  (SDS and DXD).  XMI is currently 1167.

No comments:

Post a Comment