Friday, December 3, 2010

12/3 12:30

The dollar index overlapped it's wave 1 and caused me to re-think my long.  I've got an order in selling my long DX at 79.64.  I'm holding the UUP until the Euro futures overlap their wave 1 down at 133.44.  So far the high is 133.41 so the long dollar still looks tenable, but futures leverage is more than I like to stomach when against me.  The cash Euro wave 1 is 133.4480.
So far silver and gold shorts look good.   I'll post stops later.

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