long ES @ 1195

covered ES @ 1193.5

for 3 points profit.

short ES @ 1196.5

sold ES @ 1196.25

for 10.25 points profit.

Long ES @ 1186

Here's what's next:

Nothing fancy here. I'm going to keep it VERY SIMPLE and show some crude charts simply to illustrate my projections for the next few weeks:

1. Broad markets will fall to new lows.

2. The US$ will break out strongly from its 4 month consolidation.

3. Gold will go NUTS. Those who think Gold is parabolic now haven't seen anything. This thing could go to 2200 in the near term.




















I'm confident in my projections, but let's not forget the other side. If the following happen, it means I have misread these markets, and we are in for something different:

1. The ES holds above 1210.
2. The US$ fails to break above the 200DMA (roughly 76)
3. Gold fails to make a new high or drops below 1800.

Makes no difference to me if these projections turn out wrong. I'm water. I'll flow right along with with what the market gives me. I'm 100% cash and I'll wait for confirmation before taking any position--which will be posted real time!

sold ES @ 1191

for 39 points profit. i think there are 10-15 points more upside left, but i'll leave those to someone else..i'm now focused on looking for a good short entry over the next couple days.