Friday, January 8, 2010

GT FALLS ASLEEP FOR ALMOST 7 HOURS WITHOUT ROUSING ONCE.

Strange...very strange.
I rested my eyes about 10am pst and didn't wake up until about 4:30pm pst.

Lately, I have been dropping off for an hour or two for some much needed sleep,but SEVEN HOURS without waking once!

Time simply disappeared!

When your body needs REM sleep...it doesn't ASK you for it...IT TAKES IT!

I had to check all the clocks and even my computer calendar to believe what time it was.

My trading platform showed that trading had continued to the 2:15pm pst close,so a little bit of reality was discovered.

This must be what it's like to die in your sleep.

So folks, if one day you never see me post again, I might have just gone in to apermanent Rip Van Winkle Deep Sleep.

At least I feel somewhat refreshed.

THE LARGER PICTURE


GOLD CONTINUES UPWARD IN BOTH THE YELLOW AND BLUE UPTREND CHANNELS


GOLD 'CAPPED' AT THE 1140 LEVEL FOR NOW


GOLD WILL PROBABLY BREAK OUT AND MOVE
HIGHER SUNDAY EVENING

15 MINUTE MARCH 2010 CRUDE OIL CHART (delayed prices)


OIL TRADES SIDEWAYS JUST BELOW $83 LEVEL
SHOULD BREAK OUT HIGHER

DAILY DOLLAR CHART


DOLLAR RALLY AFTER LONG DECLINE IS NOT
UNUSUAL, BUT THE DECLINE WILL NOW STEEPEN

HOURLY S&P 500 CHART


STOCKS CONTINUE TO RISE

240 MINUTE MARCH 2010 YEN CHART (delayed prices)


YEN CONTINUES ITS LONG DECLINE

240 MINUTE MARCH 2010 T BOND CHART (delayed prices)


BONDS CREATE A LEDGE TO FALL LOWER OFF OF

5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO ALSO RE-RALLIES

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RE-COLLAPSES

GT FALLS ASLEEP FOR ALMOST 7 HOURS WITHOUT ROUSING ONCE.

Strange...very strange.

I rested my eyes about 10am pst and didn't wake up until about 4:30pm pst.

Lately, I have been dropping off for an hour or two for some much needed sleep,
but SEVEN HOURS without waking once!

I had to check all the clocks and even my computer calendar to believe what time it was.

My trading platform showed that trading had continued to the 2:15pm pst close,
so a little bit of reality was discovered.

This must be what it's like to die in your sleep.

So folks, if one day you never see me post again, I might have just gone in to a
permanent Rip Van Winkle Deep Sleep.

At least I feel somewhat refreshed.

2:15PM PST AFTERNOON GOLD CLOSE



GOLD MAY STILL MOVE LOWER


GOLD STARTING TO TURN BACK UP HERE?


GOLD STARTS TO FALL OFF THE "LEDGE" AS EURO TURNS BACK DOWN


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR REGAINS MOST OF ITS LOSSES

GOLD FORMS A LEDGE TO FALL LOWER FROM


GOLD MAY FALL TO AROUND 1124 OR 1122 BEFORE
FINDING A BOTTOM AND RALLYING SOME

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RECLAIMING SOME OF THE LOSS
AS SHORTS TAKE THEIR PROFITS

GOLD STILL MOVING LOWER AS EURO FALLS


GOLD HITS THE NEXT LOWER 75% RETRACE POINT
DOWN VOLUMES ARE OVER 1000 CONTRACT/MINUTE

GOLD STAIR STEPS LOWER AS LATE PROFIT TAKERS MOVE IN ON ANY RALLY


THOSE TRADERS WHO DIDN'T TAKE THEIR PROFITS
HOPING THAT GOLD WOULD MOVE HIGHER AFTER
A NORMAL PULL BACK, ARE NOW TAKING WHAT PROFIT
IS LEFT ON ANY LITTLE RALLY WHICH WILL TAKE GOLD
LOWER AND LOWER

GOLD FALLS BELOW THE RED DOWN FLAG AS PREDICTED


GOLD HITS THE 1ST 75% RETRACE POINT AND COULD
TURN UP HERE, BUT I THINK IT WILL GO AT LEAST
TO THE NEXT LOWER 75% POINT, IF NOT TAKE IT
ALL BACK

GOLD MAY DROP BELOW THE RED DOWN FLAG ON PROFIT TAKING


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR GETS A LITTLE BOUNCE OFF THE LOW

GOLD NEEDS TO MOVE ABOVE 1143 TO MOVE HIGHER


THIS WAS A VERY GOOD START TO GOLD'S MOVE
BACK UP TO THE OLD HIGHS AND BEYOND

15 MINUTE MARCH 2010 S&P 500 CHART (delayed prices)


STOCKS FALL HARD

15 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO SKYROCKETS EVEN THOUGH THEY JUST
REPORTED A 10% UNEMPLOYMENT RATE IN EUROPE

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR SIMPLY COLLAPSES

GOLD STARTS THE PULL BACK


TOO MUCH QUICK PROFIT NOT TO TAKE WILL
CAUSE GOLD TO FALL HERE

GOLD ZOOMS ALL THE WAY UP TO THE 75% RETRACE POINT FOR THE WHOLE MOVE DOWN FROM 1141, A PULL BACK SHOULD BE COMING SOON



GOLD JUST KEEPS RISING ON EXTREMELY STRONG
VOLUME OF 1000s OF CONTRACTS PER MINUTE
GOLD RISES $20 FROM THE MORNING LOW

5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO SKYROCKETS ON JOBS REPORT

GOLD MOVES ABOVE THE TOP LINE OF THE WHITE DOWNTREND CHANNEL


GOLD SKYROCKETS $13 PLUS ON THE REPORTS, SHOULD PULL BACK HARD AFTER IT PEAKS




GOLD JUMPS AFTER A LOWER OPEN


HEAD AND SHOULDERS PATTERN FAILS AS GOLD MOVES LOWER ON STRONG VOLUME ON THE OPEN


GOLD MOVES DOWN ON THE CRIMEX OPEN NEGATING
THE HEAD AND SHOULDERS PATTERN, BUT THEN
ZOOMS UP AHEAD OF THE JOBS REPORT AND
UNEMPLOYMENT REPORT COMING IN A FEW MINUTES
ON THE HALF HOUR

EURO, YEN DROPPING, GOLD FOLLOWS AHEAD OF THE CRIMEX OPEN




NON FARM PAYROLLS AND UNEMPLOYMENT RATE REPORTS ON THE HALF HOUR

HOURLY DOLLAR CHART


FOR PERSPECTIVE

15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RISING

4:51AM PST


THE INVERSE HEAD AND SHOULDERS PATTERN IS STILL ACTIVE


GOLD GETS VOLATILE


IS GOLD ON THE WAY BACK UP?


THIS IS ALSO A BABY INVERSE HEAD AND SHOULDERS PATTERN THAT RESOLVES UP


GOLD MAY HAVE JUST BOTTOMED HERE AND FORMED AND INVERSE HEAD AND SHOULDERS PATTERN THAT RESOLVES UP