A.M. Look 9/16/10

Sept. Equity indices go off the board today.

I am watching for price action late in the day for signs that this rally in the equities has run it’s course.


The Aussie has been a great pre-indicator of moves. It bottomed before the last up in equities @ 88,

Now I am using the 94.50 level as an up side pivot for more equity strength. Conversely price

action under 93.20 should lead to more downside in the Aussie with similar price action in the stocks.


Metals…It’s time for every investor to take stock in their particular trading style…

We are at near term objectives in the Gold and Silver….It’s decision time…

Do you take profits and wait for some good closes above the tgt’s to get back in or do you ride out

a possible re-retrenchment in prices?


Oil…For now manage your shorts against 76.40

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