Wednesday, December 2, 2009
ANOTHER NEW HIGH
MARKETS CANNOT SUSTAIN THIS DEGREE OF UPWARD
INCLINE FOR LONG UNLESS THEY ARE 'RUNAWAY'
MARKETS.
EXPECT A SIZEABLE PULL BACK AT SOME POINT
ANOTHER NEW HIGH
Gold is right up against the white top line of the INTERMEDIATE
UPTREND CHANNEL. This might usually indicate an overbought
condition. But as you have seen for days now, there is no stopping
this gold rise.
For the rest of this evening, and overnight, expect to see gold
stair step higher just like last night.
Any sizeable pullback is worth buying into, if for nothing else,
than trading the inevitable jump up like the one you're looking at
HOW IT'S GONE SO FAR TODAY, GOLD MAKING HIGHER LOWS AND LOWER HIGHS
GOLD SQUEEZING INTO A TRIANGLE THAT MUST
RESOLVE UP OR DOWN. I SAY UP
Subscribe to:
Posts (Atom)
