Tuesday, February 15, 2011

2/15 10:35

I'm not buying stock ETFs even though the market declined to the critical support M/A.  Currently 2% DZZ, 1% ZSL, 1% DX futures, 4% TLT.
A break of 12,055 will have the bears in control and I'll look for a short point, but only until 3/4.  Although the wave count is complete to the upside I expect extensions until at least 3/25 and probably mid-April.

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