Friday, September 24, 2010

9/24 2:40

We've got enough price history since the orthodox top to adjust stops.  We have had a double-zigzag so far since then and a trendline will project where I would expect a triple zig-zag to stop.  Since a triple is the most we can go, this can be used for stop orders.
So 1150.2 is the earliest I can get out.

1 comment:

  1. I'm really hoping I1 kicks in with a vengeance next week Steve. A weak close, the double top held.
    I only have FTSE & Dax positions, neither of those made new highs in futures.

    We will see. At the April top, did the market defy I1 for many weeks?

    Have a good weekend.