Tuesday, June 21, 2011

6/21 10:55

DJI exceeded 12,157 and I sold DXD at 17.91 for a 6 cent loss.  Even if this leg of the rally completes in another wave up, the direction over the next several days is up because the DJI critical M/A has now been broken.

In concert with the stock market the dollar has declined below the top of what could have been wave 1 up, thus invalidating a 5 up count.  I'll wait for a dollar mini-rally today to sell EUO.

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