Friday, March 5, 2010

3/5 2:00

Market still in trading range following explosive rally.  Still expecting upside breakout and selling short at higher prices.  December Nasdaq Comp top is 2326, currently 2320.  IYF (financials ETF) October high 55.34, currently 54.14. 
Setting tighter stops for going short:
If XMI <= 1159.95  go 1/4 short
This could be the best opportunity of my lifetime.   Particularly the period May through October.
S&P daily chart and count:




Expecting silver to rally as well as long as futures stay above 17.25.

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