Monday, April 27, 2009

GOLD SPIKES HIGHER TO JUST UNDER THE THIN BLUE LINE OF THE SHORT TERM DOWN TREND CHANNEL, THEN PULLS BACK FAST


The gold spike was a 'sucker spike' unless the
buyers immediately sold out at the top, which
it appears many are doing. However, gold is
pulling back so fast, most will not get out with a
profit. The pull back is a full 75% of the whole
up move. So now what? I think lower for gold
Pull back volume is more than moderate.