Tuesday, December 7, 2010

12/7 pre-open

I stopped out of silver futures at 30.38.  I'll re-enter the short on 22-tick violation of the 5-minute M/A (blue line).

I am still short gold and still long dollar.
The inability of stock futures to respect the November highs means an ascending triangle is not in the cards.  I count one more high in futures so I sold SDS at 24.81 waiting on the final wave high.  Will short on 3 point violation of the 15-minute M/A (green line).

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