Wednesday, January 27, 2010

11:45PM PST WED


THE EVEN LARGER PICTURE


THE LARGER PICTURE


GOLD MAKES A NEW LOW AND CANCELS THE H&S PATTERN


GOLD TICKS A LITTLE LOWER


GOLD PULLS BACK FROM ITS LITTLE POST FOMC REPORT RALLY


ONE MINUTE MARCH 2010 EURO CHART (delayed prices)


CRAZY TIME FOR THE EURO TOO

ONE MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


CRAZY TIME FOR THE DOLLAR ON THE FOMC REPORT

GOLD STILL MOVING AROUND IN AFTERNOON TRADING


GOLD PUSHES A LITTLE LOWER


OTHER MARKETS FALLING AND RISING IN VOLATILE
MANNER. TOO DIFFICULT TO REPORT ON

YEN FALLING HARD, STOCKS RALLY BACK UP, GOLD NOT GOING CRAZY AS USUAL BUT COULD STILL MOVE BOLDLY, BUT WHICH DIRECTION?


THIS IS ALWAYS A VERY VOLATILE AND CRAZY
TRADING PERIOD

FOMC REPORT NO CHANGE

EURO, STOCKS, OIL, ,YEN, BONDS
ALL FALL RAPIDLY
GOLD PULLS BACK A LITTLE

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


GOLD CLOSES ON ITS LOW AHEAD OF THE FOMC REPORT IN 45 MINUTES


GOLD FALLS BELOW THE PREVIOUS LOW AT 1086.50



GOLD FALLS BELOW THE YELLOW BOTTOM
UPTREND CHANNEL LINE

GOLD FALLING HARD




GOLD RETESTING THE LOWS


BACK TO ONLY THE BLUE UPTREND CHANNEL


TWO UPTREND CHANNELS


GOLD STAIR STEPPING HIGHER


GOLD WORKING HIGHER


5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR RISES

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR NOT GIVING MANY HINTS AS TO WHAT
WILL HAPPEN TO GOLD

GOLD MOVING HIGHER IN STEPS, BUT COULD SUDDENLY BE BEAT DOWN LOWER AT ANY TIME


THIS RALLY IS NOW FADING


GOLD MAY YET HIT THE LOWER RETRACE POINT SHOWN




GOLD MAY GET PUSHED EVEN LOWER




GOLD LOWER THAN SHOWN HERE


GOLD STILL MOVING DOWN AS THE TESTIMONY BEGINS


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


STOCKS ON A DOWNTREND

5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO DOESN'T LOOK STRONG AT ALL

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR PULLS BACK

GOLD FALLING AHEAD OF TESTIMONY BY BEN AND TIM


BERNANKE, GEITHNER ABOUT TO TESTIFY

rEMBER...

tHE GUV'MINT ALWAYS MAKES THE MARKET LOOK GOOD
WHEN THEIR PEOPLE SPEAK
SO GOLD SHOULD GO DOWN AND DOLLAR SHOULD GO UP

GOLD MAY BREAK OUT OF THE RED DOWNFLAG TO THE UPSIDE, BUT I THINK IT'S GOING TO MOVE BACK DOWN LOWER



EURO IS TURNING DOWN
BUT STOCKS ARE CLIMBING WELL RIGHT NOW
DOLLAR IS STILL HIGHER
THE BULLION BANKS ARE GOING TO KEEP
BASHING GOLD DURING THE CRIMEX SESSION
ESPECIALLY WHEN IT RALLIES WELL AGAINST
A RISING DOLLAR

5 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)


DOLLAR MOVES UP, NOT GOOD FOR GOLD

5 MINUTE MARCH 2010 EURO CHART (delayed prices)


EURO DOESN'T LOOK STRONG TO ME, SO NOT FOR
GOLD EITHER

GOLD RALLIES WELL TO A SLIGHTLY HIGHER HIGH, BUT MAY FLOP SOON




STOCKS FALLING ON THE OPEN, GOLD MAY FALL


GOLD RALLIES STRONGLY UP TO THE 75% RETRACE POINT, WILL PROBABLY PULL BACK NOW




A SUCKER RALLY? GOLD HITS THE 75% POINT AND PULLS BACK


A WEAK RALLY, GOLD SHOULD MOVE LOWER TO THE RETRACE POINTS


THE NEXT TWO LOWER 75% RETRACE POINTS IN YELLOW


GOLD MAY MOVE LOWER TO THE 75% RETRACE POINT BEFORE MOVING HIGHER