Monday, December 28, 2009
15 MINUTE MARCH 2010 DOLLAR CHART (delayed prices)
DOLLAR IS FALLING TOO WHICH SHOULD SUPPORT
HIGHER GOLD. HOWEVER, THIS CHART IS DELAYED
15-20 MINUTES AND MAY SHOW THE DOLLAR RISING
IN A FEW MINUTES
THE GOLD BEARS MAY BE ACTIVE TONIGHT TRYING TO KEEP GOLD DOWN
THE EURO NOT FALLING AT ALL, SO THIS SELL OFF
IS MORE THAN LIKELY A DELIBERATE SELL OFF
BY THE BULLION BANKS JUST TO SCARE TRADERS
TRADERS LATELY ARE SELLING EVERY RALLY, SO YOU SELL AT THE TOP WHEN GOLD STALLS AND WAIT FOR IT TO BOTTOM OUT TO BUY BACK IN
GOLD SHOULD FIND SUPPORT AROUND THE TOP
LINE OF THE RED DOWN FLAG JUST EXCEEDED
GOLD COULD PULL BACK HERE OR MOVE HIGHER TO THE NEXT 75% RETRACE POINT SHOWN
AFTER WATCHING THESE MOVES FOR LONG ENOUGH
TO BE CONVINCED OF HOW THEY WILL RESOLVE,
PRETTY SOON YOU WILL BE CONFIDENT ENOUGH
TO BE ABLE TO TRADE THEM. BUT YOU HAVE TO BE
QUICK TO GET YOUR ORDER IN OR THE OPPORTUNITY
WILL DISAPPEAR IN SECONDS. THEY DON'T ALL WORK OUT,
BUT ENOUGH WILL TO PAY OFF QUITE WELL, ESPECIALLY IF
YOU DON'T PANIC AND SELL OUT IF THEY GO BACKWARDS OR
USE STOPS WHICH WILL ALMOST ALWAYS GET FILLED AND CREATE
A LOSS JUST BEFORE THE TRADE GOES BACK UP WHERE YOU KNEW
IT WOULD. YOU HAVE TO BUILD UP YOUR OWN CONFIDENCE IN WHAT
YOU HAVE OBSERVED HAPPEN TIME AND AGAIN TO LOSE THAT
PANIC FEELING WHEN THE MARKET MOVES AGAINST YOU.
GOLD 'MAGICALLY' BREAKS OUT OF THE RED DOWN FLAG AND SHOOTS UP TO THE 75% RETRACE POINT RIGHT AT THE TIME PERIOD WHEN THE FOREIGN MARKETS GET ACTIVE
IF YOU WATCH GOLD TRADE, AS I DO, EVERY DAY
AND NIGHT, YOU WILL SEE THE REPEATING PATTERNS
THAT GOLD TRADES IN AND THE TIME PERIODS WHEN
GOLD MAKES ITS MOVES. PRETTY SOON YOU HAVE
A GOOD IDEA WHEN YOUR MONEY CAN BEST BE PUT
TO USE TO TAKE ADVANTAGE OF THESE MOVES
