Tuesday, April 28, 2009

UP FLAG LINES REDRAWN, GOLD SLIPPING LOWER ON LIGHT VOLUME, MAY RETEST THE LOW AT 8846 AND DIP EVEN LOWER, THEN RALLY


Dollar is very erratic but is moving lower slowly
currently at .8564 just above its low at .8558
Euro has taken back about 2/3s of its big up
retracement after the major sell off of recent weeks,
but is now moving up
Yen has had a long up move for weeks and is now
pull back just a pinch. Don't expect it to sell off
Dow is back to break even after being off over night
Oil is in the 49s, very erratic market, no trend evident
but oil WILL be going back UP due to inflation, but
lack of demand in a collapsing economy will be a brake
on that rise.
The markets are all over the map from day to day and
it is quite impossible to keep you up to speed with any
accuracy. YOU NEED TO USE FUTURESOURCE.COM
PREMIUM CHARTS (FREE) to follow these markets on
a 15 minute delay just to have a good picture of what they
are doing. Then you need to have a REAL TIME source of
price data, to be able to watch these markets trade back
and forth in real time to see how they react to other markets.
All it takes, is EVERY WAKING MOMENT you have to watch
these markets for YEARS, and pretty soon it will become
'second nature' to you. But by then the world will have ended,
OR... the game will change... good luck