Friday, November 12, 2010

11/12 1:10

I trimmed my SDS exposure to 2% pending a decline below 1193.90.  As part of wave 1 this could have been the orthodox high, instead of 1194.53.  So far SPX has declined to 1194.08.  Since I sold SDS at 1194.60 there is little difference to be sure that overlap occurred.
Silver is declining out of the triangle and is down 2.00 from my short entry.  No target today.
Crude has been breaking support and is down 2.75 from my short entry.  Covered at 84.75.

1 comment:

  1. EUR/USD looks like an ABC to make for wave 2 up ideally finishing at 1.3905 to start wave 3 down.

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