Thursday, April 1, 2010

4/1 11:00

Went 2.5% short earlier.  Here is the I1 showing peak day today or Monday:
Whenever the mark advances to test important highs it presents a potential opportunity.  XMI and SPX tapped old high as well.   While it is too early to short via I1 placing a trade at the old high with a stop 16 points beyond is a low-risk enry.  So, stop is DJI 10,973.  Major resistance is above at 11076, the 173-week M/A:


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