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Well yesterday I said I was looking for the SPX to hit 1073-1074 based on the previous day’s trading action. SPX closed at 1073.69. The actual number on the low end was 1073.65 so technically .04, but I didn’t post that number, so lets stick with the 1 point range for a minute. SPX closed …

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I didn’t create a blog post yesterday, so this is my recap. What I did going into Wednesday was eat some losses. I was heavy short at Tuesday’s close and covered all my shorts into Wednesday morning and the rest at Wednesday’s close after getting psychologically mind f$%cked by the move. With all my charts …

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Silver and gold broke out. The charts have been saying this was coming. However, the issues with the Euro are probably what is really pushing this puppy up. I don’t care the reason though. Reasons are great backdrops for the charts and its nice when it lines up with the direction you want to be …

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The bears are screaming louder now than ever. Despite the fact that they have been wrong for over 6 months. There is no sell signal yet. Not from what I see. I’d rather play a slide once a slide is happening rather than continue to pick tops. The thing that I am seeing that gives …

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I shorted the indexes with a full position this morning while the indexes were up in the range of .50%. The RUT finished down -.18%. The gain turned out to be around 1.2% avg between the 3 I trade. What I owned going into today: EWZ Nov 71 puts, UNH Nov 27 calls (sold for …

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