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Thursday, November 29, 2012
Strong short signal, if...
If SPY closes 141.92 or higher, the JTS will go short on the close. This would finally put the JT Comp all-in short and would be the trigger for me to get even more aggressive. I am ~65% short already as of yesterday, so I will be going 90% short (actually long TZA) if this short signal pans out. According to Overnight Edges, a good chance of a gap down tomorrow. That would be a step in the right direction. Take it easy, and good luck all!