Tuesday, December 21, 2010

12/21 Daily Commentary

I did not go long the stock market today.  I1 in ascending phase but only marginally until 12/21 with a peak of only 1.22.  A slight decline follow into the 1/6 low which is followed by a robust I1 increase to an initial peak above +5 in mid-Feb and then another peak above +8 in early March.

I went short March silver late today at 29.42.  I covered at 29.34 because the chart looks bullish for a pop to 30.
I'm already short gold and intend to stay in the trade with a stop at 1397.

I'm currently long March dollar futures with no stop.  Target 81.95.

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