Tuesday, December 29, 2009

GOLD HAS RETRACED 61.8% OF THE MOVE UP FROM 1075


MARKETS, AND GOLD SPECIFICALLY, ALMOST ALWAYS
OBEYS THE FIBONACCI NUMBERS. SO, IT IS LIKELY THAT
GOLD WILL FALL TO THE 75% RETRACE POINT EVEN IF
IT SHOULD RALLY SOME FIRST. THE SELLING MAY OCCUR
WEDNESDAY WITH A RALLY ON THURSDAY ON THE FINAL
TRADING DAY OF THE YEAR WHICH WILL HAVE NORMAL
TRADING HOURS IN THE CRIMEX SESSION BUT AN EARLY
CLOSE ON GLOBEX.