Monday, December 27, 2010

12/27 10:15

I hope everyone had a nice Christmas. 
30-minute support for SP futures will only fail on a 30-minute close below 1246.25.
DJI critical support M/A is 11,531 and will fail at 11,374.
I1 will only be in buy mode after 1/6.  Until then a correction is possible but I won't short until 11,374.
Dollar index fell out of it's rectangle.  I'm flat but I want to re-enter long on drop to 80.30 or rally past 80.92.
Gold short is OK.  Silver short is OK.
Crude is now a short, but I'm waiting on a bounce to 91.20.

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