Tuesday, October 14, 2008

8:30AM PDST GOLDS FALLS OUT OF THE UP FLAG AND RETRACES ALMOST 75% OF LAST UP MOVE


Dollar up a pinch, Euro moving back up some,
Oil bouncing off of 80, Dow moving up a bit,
Bonds back down into the 114s, gold MAY keep
rallying from this level, but could also get knocked
for a loop and driven lower as most buyers are
standing on the sidelines waiting to see what comes
of the new "plan". Cautious vultures waiting for an
easy meal.