Wednesday, September 22, 2010

9/22 10:15

It would take a SP futures 30-minute close below 1129.50 to break the 30-minute M/A.  This test has failed every time since the I1 signal and well before it.  This would be a strong initial signal of a trend break.  The ultimate break is a couple of hundred DJI points lower, but we'll cross that bridge later.

Changing my DJ limit order to sell at 10,741 to return to a broken trendline.

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