Monday, January 3, 2011

$DE double top...for now. $study




-Shorted 84.58 (11.42). It was shorted via a stop order since looked like might lose strength if traded back at 84.58. Had not broken through previous recent high at 84.85; agricultural commodities were up but modestly so; $cat and $fcx also seemed to be running out of steam.


-Covered at 83.78

Thoughts: watch 84.85 for a breakout.

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