POWER DATA ONE WEEK AHEAD - Provides an 80% Correlation to the SPX

Monday, February 28, 2011

Market Timing-Whats Next -Feb 28th CLOSING report


This is LATE coming - Had to take care of some other Biz today

Mkt seems to be responding exactly opposite to the psych read for early bumps and better later

One of my associates called for a turn at 1pm and it did just that, but he HOD so far was at 10:30am

2;10Pm was some mild neg energy and the spx bounced off 1320, but didnt go very far after.

Dumped shorts bot Friday afternoon for small loss, but the last 2 trades were still very profitable

Just as Surmised- TOO MANY BEARS jumping on the band wagon looking for a serious down day.

Power data graph next page

4pm- SPX graph above matches today's energy, but not the power data

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