Friday, October 8, 2010

10/8 12:10

I just increased SDS from 5% to 10%.  Although the market tends to top around noon on I1 double-tops we are not out of the woods until the close.  SP 30-minute close above 1161.25 covers SP short and reduces SDS back to 5%.

4 comments:

  1. Steve, you are my hero!

    I see some significant declines in I1 in the next few weeks.

    A P3 type crash?

    Oh, I really hope so!

    Good luck.

    ReplyDelete
  2. Some dire things lurk ahead.
    Glad to hear from you.

    ReplyDelete
  3. Steve,
    To fulfill the trigger for my S&P sell, we need a close today over 1160. Basically, it is any close higher than the two days before it to finish the count.
    Charles

    ReplyDelete
  4. Charles
    How does your S&P sell signal work? Is it DeMark, cloud, or what?

    ReplyDelete