The stock market rally hit an I1 sell signal and is presumed dead. I am short 7.5% and awaiting confirmation. Silver will break down along with the stock market. May silver futures decline below 17.86 on an hourly close will trigger a short silver position. This will coincidentally confirm a renewal of the stock market decline.
Wednesday, April 7, 2010
4/7 10:15
Market hit the DJI 5-minute, 380-unit M/A and in in expected bounce. Will only increase exposure on decline breaking nearest support level. This is .56% below the SPX 15-minute, 54-unit EMA. Currently the M/A is 1187.15 and the calculated break level is at 1180.50. This will be moving up through time.
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