2010-08-22 Still Bearish and Short

We continue to be bearish and short the markets.  I would expect a bounce at some point this week but unless a miracle happens there isn't anything that will change our position.  Gold is hitting major resistance with a lot of overhead at the 1250 level.  If it breaks out above 1250 it will likely be off to the races.  I am mostly concerned with the mining stocks being dragged down with the rest of the market so everyone should be aware of this possibility.
- Dennis Glore

A Subscription to Trade Above Wall Street's - Key Access gives you in depth research, charts, analysis and notices on our positions and trades.