Thursday, October 16, 2008

5:57AM PDST DOWN FLAG ANGLE DECREASES TO MORE NORMAL ANGLE


The little white down flag is rebuilding itself
into a more normal angle of decent and should
resolve up more normally. Extreme angles can't
sustain themselves for long. When they resolve,
they can move for extreme distances, but immediately
retrace on profit taking simply because they are extreme.
And gold just now falls to the low at 834