TER Short

TER 10.28.09Shorted TER just below its 21d EMA $9.50 with a .20 stop.   Target the 200d near $7.60

DXY 10.28.09Looks like US short covering continues.  DXY being drawn to 2nd resistance near its 50d $76.71.   That area si also its upper BB, and it’s tightening.

Wouldn’t be surprised to see a little more downside, a flat or slight gap down at the open then bounce and market turns around tomorrow mid day.  End of month and all.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s