Wednesday, February 11, 2009

7:45AM PST GOLD TESTS THE TOP


I just can't make myself buy into this top no
matter how high it goes.
I hate getting burned on momentum moves.
I'll wait for a decent pull back.
It appears most of the big moves are being made in the night market, and I may just have to trade then which will not allow me to post during the day, assuming I ever get to sleep again.
Dollar hits .8630
Euro still down. No help anywhere from other markets.
Gold is now solidly above the BLACK MAJOR DOWNTREND TOP LINE OF THE MAJOR DOWNTREND CHANNEL as seen on the DAILY CHARTS I post on Fridays called THE BIG PICTURE.