I'll put these trades again when dollar index makes it's wave 2 low.
If I'm wrong about the dollar and stocks keep falling then critical support is broken at 10,995.
Here is the I1 chart:
.bmp)
Wednesday, October 27, 2010
10/27 pre-open
Dollar index completed it's first 5 up last night. It has a 38.2% retracement at 77.79. Stocks and commodities fell as it rallied to the top. Once the wave 2 is in they will fall again. Until then I covered my gold futures at 1328.10. I also sold 2% QID at 13.09 and 4% DXD at 22.93. Sold 2% ZSL 18.48.
I'll put these trades again when dollar index makes it's wave 2 low.
SP futures hit support at 1174.25.
If I'm wrong about the dollar and stocks keep falling then critical support is broken at 10,995.
Here is the I1 chart:
.bmp)
I'll put these trades again when dollar index makes it's wave 2 low.
If I'm wrong about the dollar and stocks keep falling then critical support is broken at 10,995.
Here is the I1 chart:
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