It is now about 11:40AM. DOW is at 9300 area, SP500 at 966, and Nasdaq 100 index (NDX) at 1340. We believe it is now time to take the profits on the long trades of last Friday and Monday as per our post of last Friday on market timing, and to consider shorting the market with a size half the normal trade size. The exit time for this trade would most likely be the close of market on this coming Monday.

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11:55AM: The market is back to the highs visited 15 minutes ago. So you have a second chance.


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