Thursday, March 5, 2009

12:02PM PST GOLD KEEPS INCHING CLOSER TO THE 75% RETRACE POINT FOR THIS DOWN WHOLE MOVE AT 93450


The blue Intermediate Down Trend Line has
been broken above several times. I just keep
putting it on the top price now to be able to see
when it breaks above it as there are no other
tools to use now except the retracement points
(fibonaccis) and flags to guage where gold is now
going on its way back up to the top of the April contract
at $1007.0 and the contract high up at $1050.00.
After that we're in 'never-been-there-before' land.