Wednesday, September 15, 2010

9/15 10:30

That first step onto the third rail is a doozy.  Stocks hit critical support earlier.  I can expect at least a 50 point move.  We got 85 points.  Now 12% SDS and short DJ futures from 10,458. 
The 5-minute, 380-unit M/A defines the daily trend.  Right now it is at 10,478.  I am not going all in until this support is broken by 1.35%, or 10,336.  This number moves up until DJI moves below the M/A.

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