Tuesday, June 28, 2011

6/28 1:45

End-of-quarter window-dressing in progress.  Thursday is my target top.  The count looks like iii of c in progress, but 3rd waves often take longer than you think.
DX futures hit 75.26 and ricocheted upward.  I already own EUO so I'm waiting for the stock rally to wind up, but if you have no long dollar then look to get in on a return to the low.
Looking to short silver on a return to 34.60 (basis July) and expecting the stock market to kick it there.  Gold on return to 1520.

1 comment:

  1. Hello Steve,
    "Thursday is my target top..." As a longer-term trader, would this be Wednesday EOD or Thursday EOD?