1181 Spu seems to be the magic Number.

Anybody wishing to try a small short to see if the equities retrace at all

this is your #! Risk no more than 1181.75. That is your stop.

I am simply trading a possible double top chart pattern to see if it works.

The timing seems better late next week or the week following. Hence the very very tight stop!

Longer term investors who own lots of stock or emerging market etf’s

from lower should buy some sds to spread up some of their profits.

Most of you are long FXI,XLF, EEM,Hang Seng, and assorted oil names plus some of your favorites

Long the emerging markets with their demographics and growth potential vs. the

mature economies is a view I adhere to. If you get stopped out of the SDS or the Spu futures

you give up almost nothing.

Furthermore you have a definable risk given the Aussie and Canada have reached long

term projected tgt’s of parity last night. These are psychological as well mathematical tgt levels,so

price rejection initially off these levels would not be unexpected.

Silver, being your fear factor barometer of the day, currently needs price action under 24.25 to

retrace further after trading 24.95 when the dollar hit it’s lows across all the major currencies in early

London last night.