Friday, August 14, 2009
GOLD DOES PULL BACK, WILL IT RETEST THE LOW?
Or will it simply retrace to the 75% point at 94510 and
then rally higher?
Dow, Oil and Euro are still down hard
GOLD MAY PULL BACK AT ANY MOMENT, VOLUME IS PULSING LIGHT TO MODERATE
The first 75% retrace point is hit
GOLD COLLAPSES, DOW, EURO OIL ALL DOWN BIG TIME
Gold takes back nearly 100% of the entire last up move
up from 9421. It may rally from here but should retest
the low before the final rally
G OLD RALLIES TO THE 75% POINT WHICH COINCIDES WITH THE BLUE DOWNTREND LINE
GOLD TAKES IT ALL BACK AS I TYPE THIS!
YOU REALLY WANT TO TRADE THIS?
It could stop there and is now pulling back.
Volume is getting erratic
Dow, Oil, Euro all falling fast
Bonds, Yen up strong
GT SEZ
One of my computers is getting so bad it's very hard to read the screen now it's
wiggling so much. It's time to break out the new computers.
The markets are not tradeable right now, so I'll wait for a big drop which
should be coming, given the Indicator markets.
Dow is falling, Euro falling, Oil falling
Yen, Bonds rising
Dollar up some but not strongly.
Gold is thrashing around but is acting like it wants to fall.
I have lots to do with these computers and I'm suffering from
lack of sleep so the rest of today may be shot for trading.
I'll try to follow the market while installing these new computers,
but it's going to be hard to do it justice.
Unless gold falls big time, I would stay out of this market until
next week.
wiggling so much. It's time to break out the new computers.
The markets are not tradeable right now, so I'll wait for a big drop which
should be coming, given the Indicator markets.
Dow is falling, Euro falling, Oil falling
Yen, Bonds rising
Dollar up some but not strongly.
Gold is thrashing around but is acting like it wants to fall.
I have lots to do with these computers and I'm suffering from
lack of sleep so the rest of today may be shot for trading.
I'll try to follow the market while installing these new computers,
but it's going to be hard to do it justice.
Unless gold falls big time, I would stay out of this market until
next week.
BLUE DOWNTREND CHANNEL LINES REDRAWN
Trading this kind of action is a waste of time and money
Frenetic trading up and down
GOLD BREAKS OUT OF THE BLUE DOWNTREND CHANNEL, BUT RALLY IS WEAK AND FAILS
Euro is falling
Dow is thrashing up and down before the opening but
mostly down for now
Oil is down
Bonds are chopping, but moving up right now
Dollar has moved up, chart coming
THIS RALLY IS VERY WEAK ON LOW VOLUME SO FAR
Gold rises to the top blue downtrend line and falls back.
Feels like gold is going lower or may consolidate at this level.
The white uptrend line is redrawn to include the new low just
made
GOLD FINDS SUPPORT AFTER RETRACING TO THE 75 % POINT AT 958
The rally volume is very light and it pulls back quickly
GOLD MOVING LOWER AS EURO FALLS
Gold action is weighted towards lower for now as the
Indicator markets don't support gold moving higher at the
moment even with the dollar falling.
Gold could find support on the white uptrend line but I
think it will move much lower before rallying some.
LITTLE ACTION AS THE CPI REPORT SAYS UNCHANGED, GOLD FALLS AND RALLIES IMMEDIATELY ON LIGHT VOLUME
Not much to see here yet folks. Gold may just trade in a
tight range and slip lower for awhile in a consolidation pattern
and then move higher later if the shorts don't pound it down.
VERY CALM CRIMEX OPEN ON LIGHT VOLUME
A very tight range in trading with very slow movement
on light volume. The CPI report make shake things up
on the half hour in 2 minutes.
JUST BEFORE THE CRIMEX OPEN
My laptop computer went on the fritz and I had to reformat
it and reinstall all the programs so I couldn't post any charts
from bed last night. I've only had 2 hours sleep and am very
dingy right now. May not make it the whole session today
before hitting the sack for a nap.
My second desktop computer is making the screen image
wiggle. I think it's a video card going out.
I have two brand new desktop computers I just bought, so
I may spend time getting those going today so I can repair
the old ones. It all takes time and my postings my be sparse
after the opening Crimex action today. I have no idea what
gold is going to do, but it's looking like it wants to move up
on the opening unless the manipulators manage to sit on it
hard.
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