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Wednesday, September 23, 2009
GOLD CONTINUES HIGHER GRADUALLY ON LIGHT VOLUME WHICH IS MORE CONSTRUCTIVE THAN RAPID UP SPIKES
This type of incline does lend itself to a sudden self off the higher it goes as traders become increasingly eager to preserve what profits they have gained on paper and want to realize by selling out.
VERTICALWHITE LINES DESIGNATE THE START AT 5:20AM PDST OF THE DAY SESSION COMEX OPEN THE VERTICALBLUE LINES DESIGNATE THE 10:30AM PDST CLOSE OF THE COMEX DAY SESSION VERTICALGREEN LINE DESIGNATES MARKET OPENING AT 3:00PM PDST ON SUNDAY THE VERTICALRED LINE SHOWS WHERE WHERE COMEX GOLD CLOSES AT 2:15PM PDST COMEX REOPENS ON THE VERTICALORANGE LINE AT 3:00PM PDST VERTICALPINK LINES DESIGNATE MIDNIGHT PDST THE ORANGE HORIZONTAL LINES I USE TO SHOW WHERE PREVIOUS TOPS ARE WHERE GOLD WILL RUN UP TO AND STOP, PULL BACK, OR BREAK THROUGH... THE HORIZONTAL PALE BLUE LINE INDICATES YESTERDAY'S CLOSE PRICE THE HORIZONTAL GREEN LINE(S) INDICATE MY LONG POSITION(S) DAYS OF THE WEEK ARE LABELED AND THE DATES ARE AT THE BOTTOM OF THE CHART ALONG WITH TIMES OF EACH CANDLESTICK THE TIME PERIOD OF THE CHART IS IN THE TOP LEFT CORNER AND DESIGNATES THE LENGTH OF TIME EACH VERTICAL PRICE CANDLESTICK COVERS...