Tuesday, August 10, 2010

8/10 12:30

DJ futures tapped their hourly M/A where I bought.  They since have rallied up to the trendline drawn off of the lows starting at the big low 7/5.  SPX is forming a rectangle after completing 3 up.  Nasdaq is weaker, not capable of generating a 5 up.  FOMC statement at 2:15.  Currently 2% SSO from 37.18 and 2% DJ futures at average entry of 10,563.

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