Tuesday, March 30, 2010

3/30 12:20

Recap:  Came into today 2.5% long DDM at 47.91, bought another 2.5% DDM 48.02 ARCA due to overnight confirmation 30-minute S&P futures.  Sold 2.5% DDM at 48.35. 
Bought 5% SSO at 42.11, bought another 2.5% SSO at 41.97. Currently 10% long stock market.
Stock market counts 5-wave complete off of this morning's bottom:
Current stop sell 5% SSO at SPX<1168.40.  Sell the remaining SSO and DDM at SPX<1164.  1164 is the support from .56% below SPX 15-minute, 54-unit EMA:

 


Showing profit on trade with uptrending I1, Elliott wave count supportive, and bought at critical support DJI 5-minute, 380-unit M/A.

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