May 7, 2009

CONSIDER RAISING SELL STOP ON UYG

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ADD 20% TO S&P SHORT RIGHT HERE AROUND 924

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CONSIDER SHORT SELL ESM9 (S&P FUTURES)

The stop hit at 921. Our model indicates high probability of reversal of the recent market strength. Consider 5% short sell S&P Futures right here at 927.5 and add 5% around 933,add 5% at 938. Stops at 951, 956 and 961.

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