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Hello
Not sure if you have noticed that we made today a
higher low than yesterday,
this is a sign of hope for the
bulls,
however
after a 14 point decline yesterday, the market
could only climb less than 25% of what it lost
up vol was slightly larger than down
volume, and real bad on NASDAQ, 2x1 to the
bad,
no fear in the vix or vnx
p/c is somewhat
supportive,
conclusion
most likely we make a lower low than Monday
tomorrow,
the perfect stop loss is suggesting
989.6 as a stop loss for the short
add to shorts at 981
close some shorts at 970
close all shorts at 965
nice day
Ben
home of the perfect stop loss
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