Thursday, June 23, 2011

6/23 9:50

Ben talked to Obama and decided that since their earlier policy of inflating failed to get the U.S. economy going that they would try market manipulation to reduce the "bad inflation".  Release the strategic oil reserve, oil falls $15, and the economy grows again, right?
Gold and silver joined oil's $4 decline, along with stocks overnight.  The cash market closed right near the DJI critical M/A and opened a few points below the envelope.  It then continued the decline 40 points below the 11,949 envelope, so we have a sell signal.

I'm waiting on a rally to the 1-minute, 60-unit M/A to short more.

No comments:

Post a Comment