Wednesday, February 9, 2011

2/9 pre-open

Wave iii peaked yesterday.  I bought 1% SSO at 52.83 and will buy more on a decline to SP futures 1315.50.
I'm just waiting for wave iv to play out.  Going forward during wave v the bond market should bottom and an opportunity present itself.  I'll post on these prospects tonight.
I'm still short Euro from 136.45 with a stop at 136.52.

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