Red

Thanks Dreadwin

I'm in TZA — not loving it.

I've seen Carl try to short the market many times. He gets burned often, even when he's right. He stayed away from shorting the January to February down move, just waited for the right time to go long. I can't imagine he'll try to short a 20 point move.

Carl is long one unit at 1140.50 – going with the flow

yes,

if the $SPX happens to close over 1143.96($SPX open today) then the $SPX will have 6 consecutive higher closes than opens and in the last 12 months the $SPX hasn't had more than 6 consecutive higher closes than opens

Looks like we closed in the direction of the gap. Assuming the same happens, that would mean we close down today.

Thanks for laying it out in layman's terms 🙂

the direction of the index gap is what is important, you'll find a high correlation between the direction of a significant index gap and resulting daily close

Looks like in most of those gap cases, we rallied higher (minus about 3 of them)

significant $SPX index gap @ the open
past days with significant index gap:
3/5/2010
2/16/10
1/12/10
12/21/09
12/17/09
12/10/09
12/01/09
11/27/09
11/11/09
11/06/09
10/14/09
10/08/09

for those looking for ***the top*** then yes those numbers on the $RUT & XLF and a couple of other setups have to be fullfilled

Thanks so much.