Thursday, October 16, 2008

5:50AM PDST GOLD PULLS BACK TO EITHER RETEST THE LOWS OR SPIKE HIGHER


BOLD green major uptrend line has been re-positioned
as prices pierced through it, so now we just include
those prices in the new major uptrend channel.
The little white down flag is very steep and should
resolve up even higher than ususal, but the bold blue
up flag resolves down. Which has control?
Volumes are on the light side as the gold market has
been drained of open interest and is rebuilding itself
for what is to come...BOOOOOOOOOOOOOM!