Friday, January 23, 2009

7:31AM PST HARD MARKET TO CALL, DOLLAR FALLS TO .8698 AGAINST H&S PATTERN


H&S pattern is looking less likely. Gold may
just blow through the top given that it has
exceeded the 880 resistance area, but it has to
close there or higher to make a difference.
Gold is acting completely contrary to all the other
markets if you use them for a hint as to where gold
is going. The other markets are lagging gold as they
finally get into line to confirm gold's moves.
Gold is leading, rather than following today.