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Hey Hobstas,
Well I mentioned Tuesday should be our big down day and it turned out to be so...;-) yeah....now what's next, I see this move down lasting a few days till at least Friday. Thats when the jobs number comes out and I expect somehow (whether honestly or not, mostly not) for them to revise upward last month (lies) and post a better than expected number. Now that's not written in stone, but this is what I see with the charts and my gut.
Now the big question is how far will this couple day move be? Well I do think we burn through the 1044 level and maybe bottom out around 990 or so. Now that's some juicy fish for the bears and I am 85% short here, long Gold and SLV still added to Gld calls yesterday on that big dip.
I don't know if you all remember my post about the RL on the AUD and said I was going short, but it's getting creamed today :) and I expect it to retest the lows of around 83.
Now we just got a Casper to 106.59 that is most likely where they bounce it to. So keep that in mind. That is around the 1060 /ES area. Then I expect the indicators to be reset (lower) and down we go :)
Everyone be careful and have a terrific day.
Peace Love and bank some serious money today :)
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