S&P

Friday 22 May 2009

Cover remaining short position in S&P at
market, 891.50.

If the market were to go down, especially after
yesterday's strong sell-off, it should have done
so, by now. Instead, price is holding above 890,
and there may be another rally as a possibility.

Being short, one expects the market to go down.
After weakness, it is going up.

Stand aside.

Sell 912.50
Buy 891.50

Gain = 2100 tics, $1,050, less commission.