Tuesday, December 15, 2009

10,800

I think it is critical for the DOW to close above 10,800 for the bulls. If we close above 10800 this would be a clear signal to buy as much gold, oil, and silver as you can. This would mean that a wave of inflation is coming faster than anyone would expect. The dollar is getting severely deflated and prices are going to rise on all commodity products.

If we close below this number it is sort of a neutral area. You could try and short the market with a tight stop or wait until a close above the number to go long.

Support: 10,000 8,800 8800 and 6200

Resistance: 11,800 10,800

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