Friday, November 12, 2010


I don't want to be short over the weekend.  I think we go lower next week but I'm hoping there is a little bounce on Monday to short.  I was too optimistic about this market, I think 1175 won't be the floor and 1160 looks to be in play.  The commodity bubble has popped, and we'll probably have some more commodity weakness next week but gold is probably going to bounce again and make new highs in December. 

Have a moderate gap up signal for Monday, but I won't be playing it. 

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