Friday, November 27, 2009
GOLD MOVES UP PASSING ONE RETRACE POINT AND JUST BELOW THE NEXT ONE
GOLD COULD MAKE A DOWN FLAG HERE AND SPIKE
HIGHER, BUT THIS MARKET IS NOT TRADING NORMALLY
AT ALL, SO DON'T RELY ON ALL THE OLD PATTERNS
TO RESOLVE PROPERLY. GOLD IS NOW MOVING DOWN
FAIRLY FAST
GOLD JUMPS SUDDENLY BUT STALLS BELOW THE RETRACE POINT AND PULLS BACK
THIS IS DEFINITELY A MARKET YOU DO NOT WANT
TO CHASE HIGHER.
ONLY BUY IN ON GOOD DIPS
GOLD DROPS TO THE RECENT LOW, MAY GO LOWER
ALL RALLIES ARE WEAK, BUT SELL OFFS ARE LONG
AND STRONG.
THERE'S A BOTTOM IN HERE SOMEWHERE, BUT WE
WILL HAVE TO WAIT FOR IT
GOLD LOWER BUT RATHER DIRECTIONLESS
THESE MARKETS ARE ALL IN A STATE OF SHOCK
TRYING TO FIGURE OUT WHICH WAY THINGS ARE
GOING TO MOVE NEXT.
IF THEY UNDERSTOOD WHAT IS REALLY GOING ON,
THEY WOULD BE POURING INTO GOLD, AND WILL
SOON AS THE DOLLAR BECOMES KLEENEX
GOLD DROPS $6 ON THE OPEN DOWN TO THE THIN WHITE UPTREND LINE
THE RALLY IS WEAK AND GOLD IS FORMING A LEDGE
TO FALL FROM.
BE VERY AWARE OF THE SCALE OF THESE MOVES ON
THIS ONE MINUTE CHART. THEY ARE NOT SMALL
CHANGE. THESE ARE MANY DOLLAR MOVES IN A VERY
SHORT TIME. EACH DOLLAR GOLD MOVES IS $ 100/CONTRACT
UP OR DOWN...SO BE VERY CAREFUL AND GRAB YOUR PROFITS
WHILE YOU HAVE THEM BEFORE THEY BECOME LOSSES IN
AN INSTANT. IF YOU DON'T HAVE BIG BALLS....
STAY OUT OF THIS GAME!
GOLD DROPS $58 FROM THE TOP ON THE DUBAI DEFAULT
DON'T LET THE SCALE OF THIS CHART FOOL YOU.
THESE ARE BIG MOVES, ESPECIALLY AS GOLD
RALLIED $32 DOLLAR FROM THE LOW IN MINUTES.
GOLD HAS JUST NOW PULLED BACK $10 AND MOVED
BACK UP $7. THESE ARE BIG MOVES IN A VERY SHORT
TIME
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