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Good morning,

It was far from a sloppy day and the 1206 were hit, minus 0.35 point. The black-box system went short on the final contract, the SP500 tracker stock. This means that all three tracker stocks, the Dow, the SP500 and the NASDAQ have issued sell signals. I am pointing this out to you because I had a flood of emails to include this signal in my daily update.

I have put a chart for you below, which shows you why I think that we are looking for a potential high over the coming day or two. I will then expect lower prices for the next couple of weeks. The chart shows the multiple of Time hits in the Dow tonight/ tomorrow. The high could have been last night as 1206 got in the SP500.

click to enlarge

Good luck today

Tom