Thursday 8 November 2012

11am update - minor wave'B ?

Mr Market fails to hold 1400, and slipped to 1390. However, this puts in a slightly higher low..and would make for a near perfect wave'B


sp'15min


Summary

*I exited spy puts @ 1992, a little earlier.

Seeking a full max-short, later at 1405/10..on any 'stupid bounce'.
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back at 12pm

UPDATE 11.10am

VIX'5min





VIX is toppy on the short term, I'd like to a few hours lower before re-shorting the indexes.
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* I seeking to re-short @ sp'1405/10 later today...prime time... 2.30/3pm