Tuesday, May 11, 2010

5/11 12:20

I increased my longer-term short to 5% at SDS 30.77.  Market rallied past to DJI 10,838.  Stop at 10,865.  As long as the I1 longer-term rules allow it I will stay on the side of the DJI 5-minute, 380-unit M/A.  Entry point was 50 points beyond, so loss will be small if stopped.
The long-term rule in this case is a sell signal 4/29 without a .5 magnitude upward correction until the bottom 6/8.  Short-term money remains out of the market until the 24th.
It appears that the top is in.

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