DTT Buzz

Over the last two weeks we have substantially rebalanced our Swing System to capitalize on the sell off that has taken place. It looks as if this is just the start- it seems as if the other shoe is about to drop- at least the SP 500 looks to be pricing in something horrible.

Yesterday the SP 500 tried to break 1250/ break this year's lows. From the five year chart the SPX has already broken its 2004-07 uptrend and looks as if it is forming a giant head and shoulders reversal pattern with its neckline around 1250. If the SPX starts to close below 1225 it could really ignite some selling pressure and cause the SPX to pullback towards 1000. It could take the SPX 2-8 months to pullback to those levels and even longer to form a bottom and start rallying again.


Keith Greff
DTT Trader/ Analyst