Wednesday, May 26, 2010

5/26 10:05

Count for the extended C wave is complete.  Bought 2.5% SDS at 34.54, bringing up to 10%.

Stop is 1.2% beyond the 5-minute, 380-unit M/A.  However market has considerable resistance at 10,200 so stop of 10,230 is in effect. 
SP futures have honored their 85-hour M/A band of 1.65%, which is 1088+.

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