Friday, April 29, 2011

4/29 11:45

The amazing dichotomy between the DJI and the rest of the market continues.  SP futures are forming abc's to marginal new highs after completing their 5 up on Wednesday.


  1. Hi Steve, thanks for the great analysis. Are you still looking for things to head south in the next week,as far as the SP goes? You have the I1bottoming on 5/5.

    I took a position in SDS about a week to early it looks like. I'm considering bailing with a decent loss, or hanging in there. Is this bull trend really petering out?

  2. I've got intermediate holds in short mutuals, so those I keep. I'll post a timing chart that is part of I1 that developed a lead when the quake hit. I think today is top day.