Thursday, January 13, 2011

1/13 1:00

A longer M/A for the minute dollar chart, the 260 unit, is declining fast.  The longer DX bases the closer this will get to price.  Currently at 79.461 it is declining .3 per minute.  This M/A plus 7 cents is what I'll use for dollar entry.
I bought SCO instead of shorting crude to minimize exposure since crude is correlated with the stock market more than other commodities.  So long stocks short crude is a balanced position.  I'm keeping 2% SCO since crude just completed a 3 up to the old high.  I'm currently 4% SSO.

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