Tuesday, April 6, 2010

4/6 10:30

DJI and XMI broke the Elliott wave count.  SPX count still valid and calling for new high.  Stepped back into short position 5% at about the same prices as I left yesterday.  Will wait for new high or break of support to increase exposure.  Want to get to 20% by the time I am done.
Put in a stop on the SDS when SPX > 1187.85.  This will allow me to buy at a lower price on the spike (if it occurs).

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