Thursday, April 29, 2010

4/29 10:45

Yesterday I stated that my expectation is for the stock market to rally today.  It is still on a sell signal with broken support.  That will remain in effect until DJI 1-minute, 380-unit M/A +1.2%, in other words 11,240.  I don't expect the market to get near that, but I1 is peaking today, so more rally can be expected. 
Bought 5% SDS at 29.03 when DJI 11,145 was hit.  The count looks complete:

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