Monday, November 22, 2010

11/22 Daily Commentary

The failure of cash stock indices to eke out a 5th up this morning left a disparity between futures and cash.  I have revised futures count to 4th wave complete with 5th iminent.  Nasdaq Composite is tracing a clear 4th wave rectangle.  The expected breakout upward will be 5th and put it on track to complete an abc up to the high of 11/9.
Silver has returned to the high of last week.  I'm looking to short at 27.84.
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1 comment:

  1. AnonymousNovember 22, 2010 at 7:34 PM

    TF
    Out of up channel.
    http://99ercharts.blogspot.com/2010/11/tf_22.html

    ReplyDelete

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