Monday, November 9, 2009

WAVE 2 AND INVERSE H&S TARGET

Daneric has it going to 78.6 Fib at 1085.95.

IHS target approx 1090-1092.

There is an intra day gap from Oct 26th 2009 at 1085.

If we have a gap up open today, we will have two unfilled gaps within a week (1046.50 and 1069.30). We should fill at least one of them soon.

GAME PLAN: Short between 1085-1090 level using Dec puts.

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GLTA
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