Thursday, October 21, 2010

10/21 12:10

Crude, silver, and dollar futures have been making money.  I stepped out of 6% SDS at a small loss.  Sold my QID for almost break-even.  Short-term target is SP futures 1172.50.  This decline was an abc.
Here is the dollar chart with it's key short-term M/A.  90-minute close < .45 below M/A is trigger. 

I don't have a target for silver.  As long as it does not rally .70 beyond the blue line I'll stay in it.

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