Friday, April 30, 2010

4/30 pre-open

Stock market and bonds unchanged.  GDP up 3.2% on consumer spending.  Greece is fixed! 
See what propaganda the retail investor has to contend with.   
GDP went up primarily on inventory build.  Greece is in a liquidity trap and must eventually default or restructure (mini-default).
Support on the way down are 11,144,  11,120, and the SPX 15-minute, 54-unit M/A.  Since I am already 20% double short stocks I will increase to 30% when the SPX M/A is broken by .56%.  If I were not already 20%, then I would short at 11,144.
Currently the SPX support break would occur at 1191.30 but will be rising throughout the day:
Stop at DJI 11,274

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