Tuesday, November 16, 2010

11/16 3:50

I expect an overnight pop to the 11,100 area as today's decline was the first wave of wave 3 down.  Wave 3 should complete by the close Thursday in accord with I1. 
I won't be re-entering short silver unless a large retracement develops.  I took $3 out of silver and it is at support. 
Markets are set for overnight reversals IMO.

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