Friday, March 13, 2009

5:25AM PDST GOLD SPIKES TO 94110 ON GOOD VOLUME BEFORE THE CRIMEX OPEN


The horizontal green line is where my trades were.
Notice that they are still in profit. Not worth keeping
them do to the time left in the contract before
FNotice.
The long VERTICAL green line up to 94110
was on 2470 contracts, but not all up. Gold
spiked to the top and pulled back in a milli-second,
impossible to trade without an order already in place
at the top or near it. Market orders can be suicide in
trading like that.

I managed to get out of the trade I was under-
water on for a few days. I may stay OUT of
April Gold to avoid getting trapped at FIRST
NOTICE on April 28th when the contract expires.
Gold is now looking like it may either consolidate here
and go higher or fall back on prifity taking. It has
exceeded the White downtrend line and the 930
area of resistance the Dan Norcini has been indicating
in the last few days. Gold needs to close solidly above
this 940 area and aboven 960 to move back to $1000


and higher