Tuesday, September 21, 2010

9/21 3:40

Covered 1% DJ futures at 10,680 based on the trendline and brown line on the following chart:
I'm still short 1% DJ futures, looking to short again higher.
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3 comments:

  1. AnonymousSeptember 21, 2010 at 1:08 PM

    Steve

    I've got us going to: next stop 10120.

    Jack C

    ReplyDelete
  2. pimaCanyonSeptember 21, 2010 at 1:19 PM

    Steve, I was away last week, so I just looked at your trade history spreadsheet and see that you closed your short gold position last week.

    What's your current thinking re gold?

    Thanks!

    ReplyDelete
  3. Steve KotelesSeptember 21, 2010 at 1:42 PM

    I finished some work on precious metals that I've been chipping away at for some time. It's an I1 for PM
    http://animalspiritforecasts.blogspot.com/p/precious-metals-pm1-forward-sentiment.html

    This gauge has gold bullish into November. I believe sovereign debt will blow up European banks and gold should benefit. I'm not going to buy it because the counter-current is declining stock markets.

    ReplyDelete

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