Monday, December 28, 2009

GOLD COULD PULL BACK HERE OR MOVE HIGHER TO THE NEXT 75% RETRACE POINT SHOWN


AFTER WATCHING THESE MOVES FOR LONG ENOUGH
TO BE CONVINCED OF HOW THEY WILL RESOLVE,
PRETTY SOON YOU WILL BE CONFIDENT ENOUGH
TO BE ABLE TO TRADE THEM. BUT YOU HAVE TO BE
QUICK TO GET YOUR ORDER IN OR THE OPPORTUNITY
WILL DISAPPEAR IN SECONDS. THEY DON'T ALL WORK OUT,
BUT ENOUGH WILL TO PAY OFF QUITE WELL, ESPECIALLY IF
YOU DON'T PANIC AND SELL OUT IF THEY GO BACKWARDS OR
USE STOPS WHICH WILL ALMOST ALWAYS GET FILLED AND CREATE
A LOSS JUST BEFORE THE TRADE GOES BACK UP WHERE YOU KNEW
IT WOULD. YOU HAVE TO BUILD UP YOUR OWN CONFIDENCE IN WHAT
YOU HAVE OBSERVED HAPPEN TIME AND AGAIN TO LOSE THAT
PANIC FEELING WHEN THE MARKET MOVES AGAINST YOU.