I'm long 2% DX futures with a stop on 1% at 76.82.
Monday, October 18, 2010
10/18 11:45
We're now setting up for the 4th attempt at critical support since the I1 sell. Each of the prior 3 resulted in progressively weaker rallies. 4 attempts is about the limit historically, so I'm looking forward to this one. None of the prior attempts got beyond 50 points, so if this one exceeds 50 points then odds are greatly increased that it will go the distance. The 5-minute, 370-unit M/A is currently 11,053. Whenever the M/A is reached that value -1.35% will be used to compute the breaking point.
I want to increase my short stock exposure, but can't until the break occurs. I hold 12% SDS, 2% QID, and 1% SP futures short.
I'm long 2% DX futures with a stop on 1% at 76.82.
I'm long 2% DX futures with a stop on 1% at 76.82.
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Your detailed analysis has been most informative. Good luck!
ReplyDeleteIt's starting to feel like things (equities, commodities) are literally going to go even more parabolic before this fever breaks. Silver up over 3% from its overnight low after being up 40% or so since late August?
ReplyDeleteis POMO the only buyer in this market left?
ReplyDeleteWaiting for the turn but no volume today