A.M. Look 11/23/10

Month end is 1 week from today. Lemming effect trading will be in full

swing. Meaning the markets will get pushed directionally over certain

trading time frames and then can have a very abrupt about face.

1179.70 spu,

2122     nasd

98.37     Aud/Usd

The above #’s are the Oct. closes

Short term traders who press directional weakness into these areas looking for

follow through will likely have a very bad experience.

$80 Jan. oil is another level to match up your trades. This was the low of the last break in the

Dec. contract.

I came ever so close to throwing up my long SDS hedges yesterday. I’m very happy

that my trading mask was on so I couldn’t watch the screen.

Trading will be thin and exaggerated over the coming weeks as everyone gets into party

mode for the holidays.

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