Tuesday, April 13, 2010

4/13 Stock market from here

Today is I1 bottom day, but since it is a double-bottom I got flat at a target rather than waiting for near the close.  After the close I1 turns up but not enough to register a formal buy signal.
I1 will advance to 4/29, but I believe that the market will not hold up that long.  From 4/15 on any decline below the DJI 5-minute, 380-unit M/A - 1.2% will cause me to re-enter short.  If the market does hold up into 4/29 then I will re-enter short  then.

No comments:

Post a Comment