Thursday, September 24, 2009
GOLD PULLS BACK TO RETEST THE LOW, WILL THEN MOVE UP
STOCKS, OIL, EURO, YEN, ALL DOWN BIG TIME
DOLLAR MOVES UP A GOOD BIT BUT WON'T STAY THERE FOR LONG
HUGE SELL OFF ON STRONG VOLUME DOWN TO 994, NEARLY 100% RETRACEMENT
GOLD FALLS BELOW THE YELLOW UPTREND CHANNEL ON VERY LARGE VOLUME
GOLD SHOULD RETEST THE LOW BEFORE TOO LONG WHICH IS WHERE YOU CAN BUY IN
FOR A GREAT BUY IN PRICE
GOLD PULLS BACK SUBSTANTIALLY FROM THE 1020 LEVEL ONCE MORE
Gold will continue this pattern until it can break through the 1020-1025 area and move up to the next price level indicated by Sinclair near 1089
GT MAY NOT BE POSTING AS MANY CHARTS THIS MORNING
I have been staying up all night and through the Crimex Day Session
now for two weeks with very little sleep.
I have things to do this afternoon and need to get some sleep this morning
so I won't be a zombie on the road.
I will make the occasional chart post as I see major moves happening....IF
I am still awake.
I got out of my long position this morning which has played with me for days
as the gold price would rise up to my entry price at 1019.50 and either move above
it very briefly and then fall back before I could get out wihout a loss, or would
just barely touch that level and then fall many dollars. This happened about
five or more times. Very aggravating when gold plays with you.
At any rate, I'm going to wait for gold to pull back a good bit before buying in again.
Gold could move higher without pulling back substantially from this level, which is
what usually happens when you actually want it to pull back.
Anyway, I need some sleep so I can get some things done on Saturday that I have been
putting off due to a severe lack of sleep.
now for two weeks with very little sleep.
I have things to do this afternoon and need to get some sleep this morning
so I won't be a zombie on the road.
I will make the occasional chart post as I see major moves happening....IF
I am still awake.
I got out of my long position this morning which has played with me for days
as the gold price would rise up to my entry price at 1019.50 and either move above
it very briefly and then fall back before I could get out wihout a loss, or would
just barely touch that level and then fall many dollars. This happened about
five or more times. Very aggravating when gold plays with you.
At any rate, I'm going to wait for gold to pull back a good bit before buying in again.
Gold could move higher without pulling back substantially from this level, which is
what usually happens when you actually want it to pull back.
Anyway, I need some sleep so I can get some things done on Saturday that I have been
putting off due to a severe lack of sleep.
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