100% Short

September 10, 2007

We will enter 100% short in the Swing positions in all indexes at today's closing.


This intraday decline should not retrace to the opening highs. Between now and 1500
EDT the indexes will likely attempt to reach that level. We expect an massive
momentum divergence to begin the next leg downward.

If you are looking for a short entry for a position, the potential of a high near
1500 EDT appears to be the best intraday Timing Locus. The NDX has
remained the strongest in these counter rallies and the RUT breaking down
quickly.

The divergence should be plain to see for all indexes but the RUT may
be the earliest and point to the selling entry a few minutes earlier than the other
indexes.

We expect this decline to proceed into the September 18th low and to set in a
grand splash of a low. This should at least challenge the August 16th lows for
the senior indexes (Dow and SPX) while the NDX should drop well into new
lows and approach the "end of Bull market" level.

We will hold this short position until at least the closing on September 17th. We
want to confirm that the models are confirming with the certain levels touched
today that we should decline quite rapidly in the days to come.