Monday, November 29, 2010

11/29 pre-open

Friday's post-holiday trading was very thin.  DJI 10,975 and SPX 1673 are key support.  I1 peaks next Monday at a very low level which keeps me in the trading range camp.  Looking to short silver at higher levels.  If stocks rally then silver should as well.
I hope everyone's holiday was pleasant.

3 comments:

  1. Steve

    I do not see stocks rallying and Silver is a short right now with tight stops.

    Jack C

    ReplyDelete
  2. Steve

    If the dollar brakes through current levels we are going to see a fast move down in stocks and metals. It’s all about the dollar.

    Jack C

    ReplyDelete
  3. Steve

    Looks like next stop 1156 SPX.

    Jack c

    ReplyDelete