Wednesday, December 29, 2010

12/29 11:00

I'm short crude and gold, long dollar index.
Crude came back up to 91.425 which should be the top of a complex correction of a 5 down yesterday.
Dollar index low 80.445 should be about it.  When a market wants to trend it makes short corrections.  This one was only 25%.
Gold exceeded 1409 hourly but Bob Prechter's stop is 1413 spot which was not exceeded.  With only a $4 difference I'll hang tight using his.
Silver's high today of 30.695 is just shy of the bull market high 30.75 Dec 6.

1 comment:

  1. FYI: