Wednesday, April 7, 2010

4/7 Daily Commentary

The top is in.  I1 is down through Tuesday.  I am 7.5% double-short using SDS.  I have an OK to short more by virtue of the break of the SPX 15-minute, 54-unit EMA.  I have placed an order to buy 5% SDS at 30.25. 
There is nothing more to say.  I1 has done it's job, now I await rallies to increase my short exposure.  The final test is 10,800 DJI.  At that point I will look for an opportunity to increase to 25% double-short.

1 comment:

  1. Steve

    Becouse the I1 top took a little longer then you had originally projected to top out does that push out future time frames? And if you are a longer term player do you stay short now to and through(April 2) the next I1 sell signal?

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