tuesdays trade, page-7

I commented last week that I had a turn either on the 23/24 Nov and said that the Dow could hit 10500 and SPX 1120. I was wrong about the SPX.

Im reluctant to call the top as I dont want to jinx myself, but there is divergence going on everywhere and in almost every market.

Dow hit my long term down trend line from oct 2007 highs and came off. I was hoping for a blow off sort of move and I think we got it last night.

Disclosure. I have two short positions currently running.

1. 10300, small initial position
2. 10460, large position when I saw the move up yesterday bounce off 10500