Friday, February 13, 2009

1:50PM PST LOOKS LIKE THE GOLD UP SPIKE WILL OCCUR NEXT WEEK


At least I was correct about the H&S pattern.
I really thought that gold had the ability to make it up to the 75% retrace point near 949, but it just
got hit by the shorts too many times. I guess too many traders didn't want to get upside down, or even in the market, over the long weekend.
I'm off to do my taxes. More tonight when I get back.