Monday, March 15, 2010

3/15 mid-morning

Went back in tiny at S&P 1150 cash, with 1/2 SDS.  Stock market at support at SPX 1146.  XMI has to hold at 1168 or the 5-wave upward count will be invalidated and my squeeze out of the shorts Thursday would have been for nothing and my stop-loss method would have failed me.  Still would like to short higher.
On weakness the current selling point is below SPX 1140.55
Update 10:45 selling point is not 1140.80.

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