Wednesday, March 24, 2010

3/24 1:00

Stock market 30-minute futures have held above the flash point 1159.50.  Prices have fallen to the next M/A, which is the cash 15-min, 54-unit:
This support will not be broken until SPX trades under 1162.
I will not short, however, unless and until DJI trades under 10,660.
Silver looks bearish and stop remains at hourly close 17.05 May futures.  The dollar is up sharply and moving into my 3/26 high.  This looks like it could conclude wave 1 of it's rally since early December.

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