Tuesday, December 7, 2010

12/7 10:10

DJI and XMI held at the November highs and are still in the running for ascending triangles.  SPX will form wave 4 as either running triangle or more probably a zig-zag. 
SP futures broke their 15-minute M/A, which is currently at 1233 and should provide resistance until 1236.
Holding SDS until DJI breaks 10,468 on the upside. 
Silver's got to hit 3005 to break it's 5-minute M/A.  Still short gold and long dollar as well as SDS.

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