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Thursday, April 29, 2010

4/29 2:30

SPX made it's orthodox high of 1207.28 at 10:53 and has been ABCing since then.  DJI made it's orthodox high and actual high of 11197 at 12:44.
From here on I will short 10% SDS at DJI below 11,144 or the close whichever comes first.
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2 comments:

  1. Jack CApril 29, 2010 at 11:50 AM

    Steve
    Just want to let you know i am following you with your shorting positions.

    ReplyDelete
  2. Steve KotelesApril 29, 2010 at 12:09 PM

    Hi Jack,
    I normally step in with tiny positions and increase them logarithmically as the I1 close approaches.

    ReplyDelete