Wednesday, August 11, 2010

8/11 10:00

Critical support was broken at 10,626 -1.35% or 10,480.  The market has completed 3 waves down.  I still own 2% SSO so will look to sell on a 4th wave bounce.  Hopefully not a rectangle so I can get a better price.  I was stopped out of long DJ futures at 10,507 overnight.  Diagonal trendline was broken on this decline.

 

No comments:

Post a Comment