Monday, September 21, 2009

THE RED DOWN FLAG RESOLVES UP

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR MAKES A SLIGHTLY HIGHER HIGH, THEN FALLS BACK.
THIS IS TOPPING ACTION.

A PULL BACK HERE THEN HIGHER

GOLD MOVES UP BEYOND THE 75% POINT ON 100+ CONTRACTS, THIS MAY BE THE START OF A GOOD RALLY BEFORE THE CRIMEX OPEN


15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

STOCKS AND EURO TURN UP, OIL NOT YET, DOLLAR MOVING UP AGAIN UNDER ITS HIGH

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

STOCKS, OIL, EURO TURN BACK DOWN



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

GOLD IS STRUGGLING TO MOVE HIGHER BUT MAY AS THE HOURS PASS BEFORE THE CRIMEX OPEN



HOURLY CHART OF NOVEMBER CRUDE OIL(delayed prices)


NOVEMBER IS NOW THE FRONT MONTH FOR CRUDE OIL

HOURLY CHART OF THE YEN (delayed prices)

30 MINUTE DECEMBER S&P 500 CHART (delayed prices)

HOURLY CHART OF THE EURO (delayed prices)

15 MINUTE DECEMBER DOLLAR CHART (delayed prices)

GOLD FALLS NEAR THE NEXT LOWER 75% RETRACE POINT