Monday, September 21, 2009
VERY CONFUSING TRADING TODAY IN STOCKS, EURO AND OIL WITH VERY TIGHT TRADING RANGES
DOLLAR MOVES HIGHER TODAY BUT WON'T LAST
GOLD HOLDING HERE FAIRLY WELL VERSUS SIMPLY COLLAPSING WITH
THE STRONG DOLLAR AND WEAK OIL, STOCKS AND EURO
THE LACK OF ASIAN MARKETS AND IMPENDING G20, UN, AND FOMC MEETINGS
ALL HAPPENING THIS WEEK LEAVE THE MARKETS IN LIMBO FOR NOW
15 MINUTE DECEMBER DOLLAR CHART (delayed prices)
DOLLAR MAKES A SLIGHTLY HIGHER HIGH, THEN FALLS BACK.
THIS IS TOPPING ACTION.
ASIAN MARKETS ARE CLOSED SO TRADING IS THIN SO THESE MARKETS CAN MOVE CRAZILY ON THIN VOLUME
GOLD SEEMS TO BE HOLDING HERE FOR NOW.
THE FOMC MEETING TUESDAY AND THE G20 MEETING ON THURSDAY THROW A
MONKEY WRENCH INTO TRADING THIS WEEK AS MANY TRADERS WILL STAND ASIDE
UNTIL THEY SEE WHAT HAPPENS AFTER THESE MEETINGS.
HOPEFULLY, IN THE NEXT TWO HOURS, GOLD WILL START MOVING UP
GOLD CONSOLIDATES HERE IN A DOWN FLAG, SHOULD MOVE HIGHER
GOLD MOVES UP TO THE NEXT 75% RETRACE POINT
EURO HAS TURNED UP, STOCKS AND OIL ARE STARTING TO TURN UP
DOLLAR HAS MOVED BACK UP A LITTLE BUT MAY BE DROPPING NOW
AND WILL SHOW ON THE DELAYED PRICES CHART SHORTLY
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