Tuesday, November 16, 2010

11/16 12:45

I took profits in silver because $25 is chart support, an important daily M/A is at 25.31, and silver should have continued it's decline in the face of the dollar rally but stalled at lower levels.
I covered my DJ futures at 11,000 not because the decline is over, but to catch a breath and maybe catch a shorting point at a higher level.  If DJI goes below 10,975 then I'll add back the 4% SDS.  I've made really good money this past 2 weeks and want to de-leverage a bit.

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