Monday, March 9, 2009

11:25AM PDST GOLD GOES BELOW THE 75% RETRACE POINT AT 91160 BY A LITTLE, THEN RALLIES


A one minute chart of gold bottoming and
beginning the move back up from the 75%
retracement



The other markets aren't any help at all to figure

out where this market is going. It stands to reason

that this is just good take down to scare out the

weak longs and will redistribute the players so

the market can continue its move higher