Thursday, December 30, 2010

12/30 10:45

The dollar has just completed it's first 5 up.  Queueing off of the Euro's sets of 3 waves completing it's upward correction I think the dollar has a long way to go. 
Stocks hit the critical support M/A.  Breaking it requires a decline below 11,415.
SP futures have not broken their 30-minute M/A, which I use a an early warning signal.
I'll cover the crude short at 89.375 basis Feb futures.

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