Friday, February 13, 2009

12:50PM PST THE H&S PATTERN IS STILL VALID AND THE 75% RETRACE POINT IS STILL AT 54990


I decided to cash out at 94380.
Good thing I did, as gold dropped right after that.
I don't have time to monitor this trade today and I certainly wouldn't think of having an open position that I wasn't monitoring 100% of the time.
Looks like gold is pulling back some right now. If
it drops low enough, I will buy back in and let it ride over the weekend.