Trader Update -data point 4 May 2011-

Trading Environment:

                                                                                                                           

-SPX 500 'buy' trigger March 25_C-RSI 30 +9.79 strength
-Long Term Trending Fed- and Foreign net- Liquidity Inflows _ 'downtick'_ in high expansion territory

-New Lows: 22_danger 26-zone_below panic zone 50 (+)
-Leadership stock ratio: +0.90 bullish advantage
-NYSE_(= hft-zone)_C-RSI 30 +7.81 strength_positive NYA-Momentum
-New Highs Trending Indicator: 225 > 180 minimum target
                                                                                                                             

Confirming weakness

                                                                                                                            

-Institutional selling action_reversal into uptrend

-Short term liquidity trend_slightly negative

-VIX 16.70_ > 15.23 support_below 20 stress level_long-term resistance 32.70_D/Vol 'uptick'_22 New Lows 

                                                                                                                           

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Stocktiming.com recommend:

-weakening bullish sentiment_uptrend under stress > C-RSI 30 +5.00 strength

-Conservative: holding long position

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Today's Session:

• expecting trading > *1344 to *1356 into target *1381 (+)_*1412 upper resistance
• reaching into target zone_ risk of corrective shake out into *1344/*1331 congestion
• weakness trading Close < *1331

...Strategy: long > *1324 -stop *1316 -target *1378 (+) -hedged *1378-

Kind Regards