Head's Up: Prodrome Model

Just as happened on THUR, we're moving sideways within the first hour's range.

It is now after 12:00 noon EST and the SP500 Prodrome Model is on-track to signal. If we continue in this morning's narrow range for another hour, the model will issue a caution. If we make it to the close still within the range, a stronger warning will be issued.

This is only a "head's-up" memo to be paying attention for the possibility of an afternoon selloff in the SP500.

Update in one hour if we remain on-track for a caution.

Let's see if we can run up SDS+3.28% (ultrashort SP500) to 77.00 or more.

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UPDATE from 1 hour ago:

SP 500 DAILY PRODROME MODEL

It is now after 1:00PM EST, and the SP500 has failed to penetrate outside the range of HI = 828.68.......LO = 815.57, so this model is issuing a CAUTION.

If we make it to the session close still without a breakout//breakdown from the above range, then a stronger WARNING will be issued and the odds for weakness over the next 3--7 days are increased.

Good Luck

2009 YTD: CAUTIONS issued on JAN 26, FEB 12, FEB 17, FEB 27, MAR-4.64% 9, MAR 26,

MAR 27

(this model operates independently of any other models that I track)

Keep your foot on Mr. Market's throat and let's make it a great day for SDS!