Monday, January 5, 2009

6:38AM PST GOLD MOVES UP ON MODERATE VOLUME ABOVE THE 75% RETRACE POINT


Dollar pulls back to .8365
Euro creeping up to 1.3592 but slipping back now
Gold is still within the UP flag which resolves DOWN.
This little run up on moderate volume could crash as
those who didn't get out on the big morning sell off
are looking to lessen their losses and may suddenly
bail out.