Thursday, October 7, 2010

10/7 12:40

DJI just tapped critical support.  Should see rally up to 10,940.
Making good money on the long dollar, but more on the short crude.  Crude is down 2.60 from my entry point.  The dollar faces important resistance at 78.10.  It has to rally .30 beyond to break free.
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3 comments:

  1. AnonymousOctober 7, 2010 at 9:44 AM

    Really appreciate your intraday commentary :)

    ReplyDelete
  2. sirgiyanOctober 7, 2010 at 9:47 AM

    Take a look at silver and copper. This is no joke. I would be very surprised if we haven't topped already
    Gold/Silver ratio reversed it's course. Good luck, Sir

    ReplyDelete
  3. pimaCanyonOctober 7, 2010 at 10:04 AM

    Hi Steve,

    Great job on your short positions!

    Regarding Crude: How long does its I1 stay negative? Or to put it another way, do you have a time target and/or a price target for when you will begin closing your short Crude positions?

    And a second question regarding Crude: Do you have a confirmation price that when Crude breaks that price, you will add to your short position?

    Thanks!

    ReplyDelete

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