Wednesday, November 17, 2010

11/17 1:00

Just an update on my strategery (is that how you spell it?). 
At 1:30 the SP futures 30-minute M/A will come down to just above the session high (1182).  With I1 bottoming tomorrow the odds favor a downside breakout from this trading range.  I'll be looking to add a short futures position today.
I bought the short silver ETF rather than shorting the futures to limit the exposure.  Futures pile on pretty quickly.
I want to go long the dollar but I'm hoping for a deeper retracement for my entry point.


  1. Steve

    What level do you expect the SPX cash market to get to by I1 bottom tomorrow.

    Jack C