8/9 Daily Commentary

Had a good day.  Came in with SSO, bought DJ futures at the low.  Holding against the diagonal upper trendline.  Trendline goes up by 2 SPX points per day.  Tomorrow at 1141.

All 3 indices are tapping at last week's highs.  Tomorrow's FOMC may contain language to convince the easily duped and propel SPX to it's upper trendline.  I'll be selling there.  I'll be placing orders to sell my longs every day at the diagonal trendline.  Starting Thursday I'll look for a throwover to short into.  I1 peaks Friday, theoretically at the close.  However, I'll have orders in on short-term support break from the morning on.  Lightest volume of the year today.