Wednesday, May 26, 2010

5/26 11:20

SP futures ABC wave count:

Used this rally to get 10% SDS which is highest since May 7.  Came into yesterday's low only 2%.  Using this short-term decline to SPX 1077 to reduce to 5%.  Average price is 35.30, so decline to SPX 230-min M/A is appropriate place to sell.

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