Monday, March 22, 2010

3/22 mid-morning

Currently flat.  Stock market rallying.  Short on weakness below DJI 10,580.
Silver broke through 16.80 and is ticking back up with the stock market.  Looking to short again at 16.85 May futures.
Blue chips are now back above January highs.  Closing above Thursday's close 1192.80 XMI and 10,780 DJI would pretty much put the January highs behind us and the wave 2 primary count as well.  Spec forces will have forced the blue chips to move.  Even though I am not in positions I will look forward to the close to confirm the rally is intact. I love closes because traders and hedge funds even up and it's a less leveraged view of market levels.

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