Thursday, September 16, 2010

9/16 12:45

The potential for a spike exists.  A spike higher followed by immediate reversal would clear the books for a sustained move lower.  My current stops are:
10,514 for DJ futures.  This is tight because of low transaction costs and 5x leverage
Sell half of the ETFs if DJI exceeds Tuesday's high by 27 points.  10,588 + 17 is 10,603. 
Sell other half at SPX 1129, which is the 15minute, 54-unit EMA +.56%.


  1. Steve

    Looks like the only thing hanging on is the DJIA, rest of the indexes are selling off.

    Jack C

  2. Steve

    SML just finished 5 down.

    Jack C