Monday, May 3, 2010

5/3 11:15

Cancelled the trip due to bad roads.
Bought 5% SDS at 29.21 when SPX hit 1199.50.  Now at 30% short stocks, 20% long bonds.
Stops are at SPX 1207 and DJI 11,274.
So far this is a normal ABC correction of the 5-wave decline last week.

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