Thursday, February 10, 2011

2/10 pre-open

SP futures 30-minute close below 1311.25 indicated trend change.  Sold 2% SSO 52.50.  I'll go into the day session looking to buy at the DJI critical M/A and sell short when it is broken by 1.35%.
Silver short March futures triggered at 29.95.  I have a stop at 30.20.
The dollar broke above 77.73, proving the spike down a fake-out.  I bought at 77.75 but the trade was sold at 77.99.  The M/A in blue is the last to fall and the hardest.  It requires a 90-minute close .55% above the M/A.

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