Going 50% short

going 50% short right now....All long positions closed!!!! Trade safe and all the best!!!!

Dear Opinionated,

I have few minutes to explain why I reversed from long to short. When we broke below 4/17/13 low SPX of 1543, as well as SPX 1539.5 (prior low) and closed below SPX 1552....that gave technically me all kind of red flags. I have also reviewed my proprietary system and it is strongly showing a more significant date for next week with astrological confirmation. Just like the system generated 4/15/13 (L) and 4/17/13(L) and they were indeed low value for the SPX, however, the bounce was very week indicating a very weak market. I have mentioned here many times that the market leads and we have to adjust our positions in order to minimize risks. I'm not trying to change your mind or others...just stating my reasons to why I decided to go 50% short...I will go another 50% short in case we rally tomorrow to be fully short for next week....

What is my stop in case I'm wrong??? a close above SPX 1575...........

Trade safe and all the best!!!!

Dear Opinionated,

I have few minutes to explain why I reversed from long to short. When we broke below 4/17/13 low SPX of 1543, as well as SPX 1539.5 (prior low) and closed below SPX 1552....that gave technically me all kind of red flags. I have also reviewed my proprietary system and it is strongly showing a more significant date for next week with astrological confirmation. Just like the system generated 4/15/13 (L) and 4/17/13(L) and they were indeed low value for the SPX, however, the bounce was very week indicating a very weak market. I have mentioned here many times that the market leads and we have to adjust our positions in order to minimize risks. I'm not trying to change your mind or others...just stating my reasons to why I decided to go 50% short...I will go another 50% short in case we rally tomorrow to be fully short for next week....

What is my stop in case I'm wrong??? a close above SPX 1575...........

Trade safe and all the best!!!!

Will not add more shorts by the close today 4/19/13 and will wait for Monday if the market is higher!!

All the best!!!