11/12 pre-open

DJ futures hit their flash point by declining to 11,106, but could not hold with the lowest hourly close 11,130.
SP futures did not hit critical support 7.5 points below their 90-minute M/A.  Low 1193.25 vs. M/A 1199.68.

Currently the SP futures sell signal is a 1193.50 with an M/A of 1200.18.
The cash SPX wave 1 high is 1194.25, so breaking this will confirm the DJI signal.

3-month Libor is still not moving, even with the Irish crisis.  .2844 at this morning's fixing, a touch lower than yesterday's.  So markets are not concerned.
Crude trade played out well, shorting at 87.60 and now at 86.  I have a multi-month view on the short side.  Expecting a bounce back in crude, perhaps to 87.
Silver working as well with a bounce back to 27.30 expected.
I am not trading in and out of these shorts because I'm afraid of being left behind.  When stocks break critical support these will crater.
Still looking at DJI 11,210 and SP futures 1193.50 to begin shorting stocks.  When the time comes I'll split order with market shorts and limit shorts at higher prices.
The dollar stopped at daily chart highs.  Looking at 77.77 to buy again.