Tuesday, October 7, 2008

6:05AM GOLD COLLAPSES AFTER TWO TRIES TO GO HIGHER


Two good volume rallies higher are knocked
down as gold retreats down to the 75% retrace
point, rallies, then fades lower.
A pull back is always good as it allows the market
to regroup and go higher on longs that are in this
market for the long haul.
Euro had a quick rally and retreat while this
happened. Bonds dipped, but Dow rallied.
Simply hectic, crazy trading.
ONLY FOR THE EXPERIENCED TRADER,
WHO HAS BIG BALLS!