Wednesday.. dulldrums

Market was up, dow up 90+ but basically a dull day. No umph in the bulls. Elliot wave is pointing out that using Ticks the market is the most overbought since sept. 16 2009. Its overbought and didnt do diddly. It cannot break the 1115 area. I am seeing gold setting up for a good short. I would do it via the ETF DZZ which is triple gold short. I also am watching ZSL which is ultra short silver, both are setting up a buy signal any day now. Meanwhile the only bullish ETF I am holding now is FAS and I plan on bailing at 76.50 cause I am just too nervous about this market here, on the other hand, I could see it going to 79ish. May just sell off half first. I am also looking at buying the emerging market shorts like EDZ (3x). It just needs to break above 6 to start taking off. Waiting for a definitive buy on these too. Another possibly buy coming up soon is for DUG, ultra Oil and gas short. I am waiting a definitive buy or else a dip near the lows (<9)on TZA so I can load up in my emaciated gpanek account. so maybe one more run for 1115 could do it. Oh, another thing.. it looks like we are due for a 82day cycle low on march 3rd. Lets see if that stuff works.