Thursday, October 8, 2009

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


LOOKS LIKE AN INTERVENTION GOOSE TO ME
THEY ALWAYS FAIL

GOLD MOVES UP ON GOOD VOLUME AS DOLLAR FALLS

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


DOLLAR STARTS TO FALL FASTER
SHOULD HELP GOLD RISE

GOLD GETS ITS FACE PUSHED IN THE MUD ONE LAST TIME BEFORE MOVING BACK UP


THIS IS JUST THE LAST OF THE WEAK LONGS PANICKING AND BAILING OUT
AT THE BOTTOM LIKE ALL WEAK TRADERS DO.
NOW WATCH GOLD ZOOM BACK UP
STOCKS AND OIL TURN BACK UP
EURO WILL SOON
BONDS SEEM TO BE TOPPING

GOLD TURNS BACK UP AT THE WHITE TREND LINE ON STRONG VOLUME


STOCKS, OIL, EURO, YEN ALL DOWN
BUT WILL TURN UP
BONDS MOVE HIGHER BUT WILL FALL
DOLLAR SLIPS LOWER

GOLD TAKEN DOWN TO THE NEXT 75% RETRACE POINT JUST ABOVE THE WHITE INTERMEDIATE UPTREND CHANNEL BOTTOM LINE


GOLD WILL RALLY SOON
THIS IS JUST A SHAKE OUT OF NEW WEAK LONGS
AND PROFIT TAKING BY THE OLD ONES

5 MINUTE DECEMBER DOLLAR CHART (delayed prices)


NOTICE THE LITTLE DOWN MOVE ON THE LAST BAR LINE
DOLLAR NOT MOVING UP VERY WELL

A LITTLE INVERSE HEAD AND SHOULDERS PATTERN HERE, WILL RESOLVE UP

A SHALLOW PULLBACK, THEN MUCH HIGHER


GOLD SLOWS AT THE PREVIOUS HIGH BUT WILL BLOW THROUGH IT
IN A MOMENT AND MAY MOVE RIGHT THROUGH THE 75% POINT SHOWN
FOR THIS WHOLE DOWN MOVE FROM THE 1058 HIGH

GOLD RALLIES AGAIN, TRENDLINES REPOSITIONED TO INCLUDE THE LOW


EURO MOVING UP WELL
STOCKS, OIL TURNING UP
GOLD MAY RALLY A LONG WAY THIS TIME

MARKETS BEGIN TO TURN AGAINST GOLD IN A 2ND ATTACK, BUT GOLD WILL RALLY


NOT TO WORRY, THIS IS TYPICAL ATTACK AND RALLY TRADING IN GOLD
DIPS ARE JUST BETTER BUY POINTS NOW AND GOLD IS RALLYING WELL
ON ALL OF THEM, BUT IS ALSO SELLING OFF AT THE 75% RETRACE POINTS
VERY CONSISTENTLY, SO TAKE YOUR PROFITS THERE TOO THEN
REBUY ON THE DOWN RETRACEMENT.
THESE ARE VERY PROFITABLE TRADING MOVES

GOLD RALLIED TO THE WHITE UPTREND LINE, PULLED BACK SHALLOW AND IS NOW READY FOR A BIG RALLY


NORMAL RESISTANCE AT THE WHITE TRENDLINE
SHALLOW PULL BACK IS GOOD
BONDS, YEN DOWN
STOCKS, OIL EURO UP
ALL GOOD FOR GOLD
DOLLAR NOT MOVING UP AS WOULD BE EXPECTED DUE TO INTERVENTION

THE RALLY BEGINS

DEEP SELLOFF, NOW THE RALLY



STOCKS, OIL, EURO MOVING UP
GOLD SHOULD RESPOND UP
A FURTHER SELL OFF TO THE BLUE BOTTOM DOWNTREND LINE
SHOULD BE SUPPORT AREA
GOLD WILL RALLY

GOLD RALLIES TO THE 75% POINT OF THE DOWN MOVE, MAY SELL OFF ON THE OPEN THEN RALLY HIGHER


BE VERY CAREFULL FROM NOW ON AS GOLD IS TRADING SO VOLATILE
THAT YOU COULD BE WIPED OUT IN A SECOND IF YOU ARE NOT VERY NIMBLE
TAKE YOUR PROFITS IMMMEDIATELY WHILE YOU HAVE THEM AND]
DON'T BE GREEDY

PRE CRIMEX OPEN TRADING IS ON LOW VOLUME AND CHOPPING SIDEWAYS FOR NOW

THE PRE CRIMEX OPEN RALLIES ARE WEAK

15 MINUTE DECEMBER DOLLAR CHART (delayed prices) 3:12AM PDST

SHORT TERM HEAD AND SHOULDERS PATTERN RESOLVES DOWN

THE PRE-CRIMEX OPEN SELL OFF BEGINS