Monday, November 22, 2010

11/22 Daily Commentary

The failure of cash stock indices to eke out a 5th up this morning left a disparity between futures and cash.  I have revised futures count to 4th wave complete with 5th iminent.  Nasdaq Composite is tracing a clear 4th wave rectangle.  The expected breakout upward will be 5th and put it on track to complete an abc up to the high of 11/9.
Silver has returned to the high of last week.  I'm looking to short at 27.84.

1 comment:

  1. TF
    Out of up channel.