Tuesday, October 19, 2010

10/19 9:55

Covered DJ futures short at 10,932.  Still holding 12% SDS and 2% QID waiting to increase short exposure on DJ futures 10,866 or DJ cash at 10,921.
2% DX futures are making good money, same as silver.  Big money day.

2 comments:

  1. Nice job, Steve.

    What's your take on the current count on crude? I'm wondering whether we might have completed a 5 down. Or whether we could be in an extended 3rd wave (with one more wave down to complete the 3rd, then a 4th and 5th to follow).

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  2. I count crude as having completed a 3rd down. If Nov futures can break 80.30 then another $5 down. Holding SCO but waiting on futures until that 5 down happens.

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