A.M. Look 11/18/10

The currencies and oil held some big support

yesterday. The stock indices trapped the shorts once again late in

the day. Now What?


Gold just challenged it’s break down level for starters with most

markets looking good for now



Don’t be fooled….Chasing direction early this a.m.

will be costly. In price action land the jury is out as to the validity of yesterdays lows.

The question is are those lows good enough for the remainder of the week or month.


Watch your short term levels.

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