Replies to post #48517 on Short Term Trading Member Forum

[techcharter]

Frank and Jglider

SPX is in the zone where my model is calling for a tradable top. Getting out at Monday's close / Tuesday's opening wasn't a bad idea. My model is looking for 8-10 days to the downside from here. It may be possible a pop at Friday's opening takes place. The top may even take place overnight since the top is that close.

I'm updating my model this weekend. It's been 2 weeks since my last update, and the amplitudes of the shorter term cycles can change within that timeframe.

[Chuck703VA]

Could be Frank....

...averaged down on my upro put position. Still expecting healthy retreat here soon myself.