Thursday, October 22, 2009
GOLD PUSHING HIGHER NEAR THE NEXT TWO RETRACE POINTS, COULD JUST KEEP GOING
EURO VERY STRONG
STOCKS UP TODAY AS DEVALUED DOLLARS FLOW INTO STOCKS
OIL TRADING AROUND A CURRENT MEAN PRICE OF 81 IN THE CURRENT TRADING RANGE
AFTER A BIG RUN UP
BONDS TRENDING DOWN...MARKET WILL CRASH SOMEDAY SOON
YEN DOWN OVERALL
KEEP YOUR EYES ON THE BIG PICTURE AS THESE DAY TO DAY MOVES ARE ONLY OPPORTUNITIES
TO TRADE SHORT TERM OR BUY MORE CASH GOLD FOR LONG TERM AS THE MARKET INEVITABLY
MOVES MUCH HIGHER
THERE SEEMS TO BE ABOUT A THREE DAY CYCLE FROM HIGH TO LOW AS GOLD GIVES AND TAKES BACK. USE IT TO YOUR ADVANTAGE
GOLD WILL PROBABLY NOT MOVE BELOW AROUND 950 FOR THE NEAR TERM, IF EVER AGAIN
GOLD MOVES HIGHER IN LATE AFTERNOON TRADING
GOLD BREAKS ABOVE THE SHORT TERM WHITE DOWNTREND CHANNEL
AND STOPS AT THE PURPLE TOP LINE OF THE NEXT LARGER DOWNTREND CHANNEL
AND PULLS BACK. COULD MOVE HIGHER WITH ONE HOUR LEFT IN THIS TRADING PERIOD.
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