Monthly: Distribution
Weekly: Distribution
Daily: Distribution
Hourly: Distribution, but way, way Oversold!!
Essentially I have moved to an hourly stop placement in order to preserve the lion's share of the profits of this past week. Stops are at yesterday's lows (so will probably give up about a percent of profits if/when they are hit, but hell, you gotta tip the dealer sometime)
Anyway the picture reflects this week's historic carnage of the S&P 500. If you pull up a monthly and/or a weekly, it's easy to see the historic nature of the move:
YOWSA!!!
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