Tuesday, October 14, 2008

3:30PM PDST GOLD SELLS INTO THE DAY CLOSE, THEN RALLIES IN AFTERNOON TRADING


Euro has formed a very short term head & shldr
pattern since late yesterday until now. Could move
down. The dollar has a spike peak around .8345 and
has moved down to around .8162.
Bonds moved down to 113 275 and has a mysterious
one line spike up to 114 25 on the chart right now
Dow gapped up this morning and sold off the rest of
the day session down to 9145 before rallying to 9380
on the close.
Gold has rallied after the 3pm pdst re-open up to the
2nd 75% retracement fib at 8458 before pulling back
right now and one tick shy of the previous high at 846,
a normal resistance point.