Thursday, June 23, 2011

6/23 2:45

By staying short here I'm betting that the SPX will break it's 200-day M/A and that the short-term timing component of I1 no longer leads by 8-days (which indicates rally end either tomorrow or next Wednesday).   The above 2 events are lower probability so the odds favor the market not declining through the lows.
Holding 1% QID, 1% UCPIX, 2% EUO.

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