Monday, October 5, 2009
GOLD ACTING LIKE IT WANTS TO MOVE LOWER
STOCKS UP 125, BUT MAY BE TOPPING
OIL PULLING BACK IN A DOWN FLAG
EURO PULLING BACK FROM ITS HIGHS
DOLLAR LOWER
GOLD PULLS BACK 75% THEN BACK UP 75% FORMING A DOWN FLAG
GOLD COULD DO ANYTHING THIS AFTERNOON BUT MOST LIKELY WILL GO SIDEWAYS
TO LOWER UNTIL THIS EVENING AND OVERNIGHT WHEN IT COULD GO MUCH HIGHER
OVER 200 SELLERS AT 1019.00, GOLD COULD SPIKE THROUGH THEM
GOLD HAS RETESTED THE HIGH BY ONE TICK AND PULLED BACK
THIS IS TOPPING ACTION
UP VOLUME IS NOT VERY STRONG, BUT COULD BE AT ANY SECOND
GOLD PRICE MOVES ABOVE ALL THE MOVING AVERAGES
GOLD MAY PULL BACK NOW TO ALLOW THE AVERAGES TO FIND EQUILIBRIUM
WITH THE GOLD PRICE
GOLD BREAKS UP AND OUT OF THE WHITE INTERMEDIATE DOWNTREND CHANNEL
THIS HIGHER CLOSE WILL IMPROVE THE CHANCES OF GOLD MOVING MUCH HIGHER
AND ABOVE $1030
GOLD SHOULD PULL BACK TO THE WHITE DOWNTREND CHANNEL TOP LINE FOR SUPPORT BEFORE MOVING HIGHER
OIL MOVING UP STRONGLY
EURO AND STOCKS ARE TOPPING
BONDS MOVING DOWN
GOLD PUSHES HIGHER VERY CAREFULLY
SELLERS MOVE IN AT THE WHITE DOWNTREND LINE
EURO, STOCKS, OIL TURN HIGHER AGAIN
GOLD COULD EITHER SPIKE OR COLLAPSE BEFORE THE CRIMEX CLOSE
GOLD PULLS BACK A BIT THEN CREEPS UP, COULD SPIKE AGAIN IF SHORTS COVER
HARD TO CALL HERE, EURO PULLS BACK IN A DOWN FLAG, AND COULD MOVE HIGHER
OIL FLAT FOR NOW
STOCKS UP BUT TOPPING
DOLLAR FALLS MORE
GOLD IS GOING HIGHER SOON, MAYBE JUST NOT RIGHT NOW
GOLD BEING 'CAPPED' AT 1008 BY THE SHORTS, SHOULD BREAK OUT HIGHER EVENTUALLY
STAYED UP ALL NIGHT WATCHING GOLD THEN FELL ASLEEP JUST BEFORE THE
CRIMEX OPEN...APPARENTLY I DIDN'T MISS MUCH.
Sunday, October 4, 2009
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