Monday, August 2, 2010

8/2 09:55

Carried 4% futures and 4% SSO over the weekend.  Lightened up at SP futures 1110.75, at what I count as the top of first completed 5-wave of the 2 week rally (futures).  Expecting drop to 1105 futures. Have an order buying 2% futures at 1105.25.   The 38.1% mark is 1103.50.
The cash count is 3rd wave complete.
I sold the other 2% SSO at 37.71.  I am now flat.

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