Wednesday, May 19, 2010

1149 is Key for the Bears

I'm unable to post a full update tonight. The bottom line is that the markets downtrend remains intact and I expect much lower levels in the coming days/weeks. As long as 1149 in the S&P cash index remains intact, I am comfortable being fairly heavily short. I should be able to do a normal post tomorrow, hopefully sometime in the morning.

Todd

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