Friday, June 17, 2011

6/17 9:50

My initial estimate of the rally high date is 4-8 days, as early as the 22nd and as late as the 28th.  I'll go short starting the 22nd at 38% retracement of the decline.  On the NDX that's 2254.  Until then I'll post infrequently. 
I'll use SP futures 30-minute close .5% below it's 92-unit M/A as a fail-safe on this rally.

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