The short-able ‘p’ alluded to in today’s commentary lies at exactly 132.57, and it’s as good a place as any to initiate a speculative short. We did this repeatedly in the E-Mini S&Ps with gratifying results, but I’ve chosen DIA as a vehicle here because it will allow subscribers with equity accounts to play. Because there is no rule that says this vehicle must reach our target, we’ll need to be alert to a downtrending impulsive leg from here on up. Meanwhile, I’ve set a screen alert at 132.15, which is about where we should start looking diligently for a ‘logical’ and tradable reversal. If you see one and you’re in the chat room, by all means please call it out. ______ UPDATE (December 2, 6:43 p.m. EST): No change. This still looks like a low-risk leveraging opportunity to me. Make sure you’ve checked ‘E-Mail Notifications’ on the ‘My Account’ page if you want to receive a trading alert in timely fashion.
