Tuesday, April 7, 2009

GOLD RALLIES TO THE 61.8% LEVEL AND STALLS


Gold starts dropping quickly on light to moderate
volume. It could drop to the bottom of the blue
down flag then spike up, but I doubt it. These
markets are becoming impossible to call on any
but the shortest time frames. I'm trading by the
seat of my pants and gut feelings for now.



Dow turns up

Euro turns up, Yen down

Bonds moving up strongly

Oil still slipping

Dollar falling