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S&P 500 geodesic update - Nov 5, 2009

|Includes:SDS, ProShares Short S&P 500 ETF (SH), SPY, SSO

(visit my intro to trading long/short ETFs in pairs using geodesic concepts)

S&P 500 model indication
:
the 12 DMA of the geodesic delta diff parameter has continued downward as it lags the signal.  however as the charts shows, the signal today advanced rapidly toward the 12 DMA.  my observation says tomorrow's trading will determine the course of the index probably for another 10 trading days.  if the signal does cross the 12 DMA, more than likely my BEAR watch will be cancelled for the short-term.  pudent traders will however begin to shave profits from long positions and seek to put some of those proceeds into short positions, other hedges or just cash.  swings appear to be going higher up & lower down.  stay sharp and ahead of the ball.
Click to enlarge
Stocks: SH, SPY, SDS, SSO