Tuesday, July 5, 2011

7/5 3:40

SP futures 30-minute M/A has held the first test.   SPX and DJI have topped.  Nasdaq is filling out it's 5th of c.  I don't hold any Nasdaq shorts and will attempt to enter futures short on break of 2353.25.  I'll short SP futures on a rally after a 30-minute close below 1326.

The stock market is making a head-and-shoulders top. Although the smoothed I1 declines into late August the ensuing I1 advance stays well below 3.25 which, according to the rule set in the Intro and Concepts page, means that longer-term traders can stay short.  I intend to keep a small core short position but will go primarily to cash on these swings. On an even longer time frame the market declines into 2nd quarter 2012.

I want to invite readers to subscribe.  If paypal then email at asforecasts@gmail.com and I will start your subscription pending mail or bank billpay payment.


  1. Steve,

    Email to the gmail address is being returned,
    stating the address does not exist. However,
    I did send a Paypal payment on Sunday. Did you get it?


  2. Mark,
    I got the payment. asforecasts@gmail.com should work OK.