Monday, March 14, 2011

3/14 10:00

Bought another 2% SSO at 51.05, bringing me up to 6%. 
Last Friday I posted that I would be looking for an SSO entry at 51.40 or below.  Got it this morning.
The decline this morning was wave ii correcting a 5 up from yesterday's lows.  I'm looking for the March SP 30-minute M/A to confirm trend with a 30-minute close above 1303.75.  The big one is the DJI 5-minute 370-unit M/A currently at 12,081 with a confirmation on any value above 12,245.

I'll sell 4% SSO and the long YM futures if DJ (YM) futures have a 10-minute close below 10,977.

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