Thursday, October 2, 2008

9:07AM PDST GOLD COULD STILL FALL TO THE BIG 75% POINT AT 78780, BUT AT LEAST TO THE PREVIOUS LOW AT 82850


GOLD TRIED TO BREAK UP AND OUT OF THE
WHITE DOWN TREND CHANNEL, BUT FELL
BACK TO ITS TOP LINE (possible support)
CREATING A BLUE UP FLAG WHICH
RESOLVES DOWN..GOLD SHOULD
FALL FURTHER BEFORE FINDING A BOTTOM.
THERE CERTAINLY IS NO CONFIRMATION OF
A BOTTOM HERE AS ALL THESE MARKETS ARE
TRADING WILDLY STILL UNTIL THIS BAILOUT
AFFAIR IS FINALLY SETTLED.
ONLY THEN CAN WILL BE SEE SOME DIRECTION
IN ALL THE MARKETS