7/27 1:00

6% short SP futures, 2% SDS, 4%QID.  The first 2 days of the I1 down move were rally days 7/23 and 7/26.  The overnight session was up as well, completing a diagonal triangle.  In a down I1, especially one bottoming < 32.50 I must be short. I follow the I1 like a dog.  Getting stopped out on the 23rd was not all that big of a hit.  I got back in starting Sunday evening and more Monday morning.  Last night is when the diagonal triangle became evident. I'm trying to relate the events during this I1 down period in the face of a stock market rally.  Nobody said it was easy, but we are on the gravy train now. 
Here is the I1:
20100720 36.27178


20100721 36.41742

20100722 36.30637

20100723 34.96335

20100726 33.57488

20100727 32.35731

20100728 31.96437

20100729 31.80197

20100730 31.94768

20100802 33.12613

20100803 34.77583

20100804 36.69522

20100805 38.74793

20100806 40.58552

20100809 42.17691

20100810 43.32631

20100811 44.65306

20100812 45.70546

20100813 46.2804

20100816 45.8179