Tuesday, September 14, 2010

9/14 2:30

Since the I1 top neither DJ nor SP futures have come close to breaking their 30-minute M/As.  For me, this is key to expanding the initial position.  DJ futures 30-minute, 92-unit M/A is currently 10,469 and a break will occur on a 30-minute close below 10,417.
 
I'm willing to trade futures until the break occurs but will keep my ETF position at 5%.  Looking to short Dec DJ futures at 10,493.

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