Tuesday, February 22, 2011

2/22 9:10

Oil is up sharply due to the supply squeeze in Libya and is holding those gains.  PMs up as well.  Silver was up over $2/oz at one point.  These riots are starting as people lose hope with food taking up to 40% of their income.  It's hard to see a future in that. 
I hope for the stock market to bounce up to meet the 30-minute M/A (blue line) where I will short again.  So far it is a 3 down.


Dollar is having a hard time getting an impulse wave going to the upside.  Standing aside.

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