Trader Update -data point 01 September 2011

Trader Update:

Hedged: 1378

.. August 31, the SPX 500 hit rejection *1231 - September 1, market unable to recover above August 31 High *1231 - sold off aggressively *1228
...*1222 needs to be taken out on a Close basis to ensure short term upside to current *1268 - further rejection *1222 will set the index up for further downside with current *1178 as an initial target

Kind Regards