I'll hold the longs until I1 peaks or the cash DJI 5-minute, 380-unit M/A is reached, or the SP futures 10-minute M/A is broken to the downside by 3.50 on a 10-minute closing basis.
Monday, July 19, 2010
7/19 pre-open
I am currently 4% long SSO and 4% long DJ futures. The futures allocation is based on the contract specification, not the margin requirement. So a 2% long futures position is equivalent to a 2% DIA position, the unleveraged DJI ETF. The SP futures rallied overnight and gave a buy signal when they exceeded their 10-minute, 80-unit MA by 3.50 on a 10-minute close.
I'll hold the longs until I1 peaks or the cash DJI 5-minute, 380-unit M/A is reached, or the SP futures 10-minute M/A is broken to the downside by 3.50 on a 10-minute closing basis.
I'll hold the longs until I1 peaks or the cash DJI 5-minute, 380-unit M/A is reached, or the SP futures 10-minute M/A is broken to the downside by 3.50 on a 10-minute closing basis.
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