Thursday, February 26, 2009

9:25AM PST GOLD CONTINUES HIGHER TO THE NEXT 75% RETRACE POINT AT 94580


Add Image
Dollar rises to .87915
Euro falls
Dow falls
Oil pulls back
But gold goes up anyway.
Like I said yesterday, you trade gold on volume,
momentum and chart patterns from now on.
There's no time to look at studies or any long
term statistics anymore unless you are going to
buy big dips and hang on for the long run.
You'll miss a lot of profits on the short term
swings which are highly tradeable. Especially
if you take your profits while you have them
and don't worry about what you didn't get if
the profits 'could have' been greater.
After all, you 'could have' been born rich and beautiful,
but you know what happened, right?