Thursday, July 2, 2009
GOLD STALLS, DOW DOWN 154, EURO DROPS HARD, OIL DOWN HARD
These markets are in complete disarray.
Claims of rogue oil traders made oil spike to 73 dollars a the
other day, so the market is taking it all back. (next reason?)
Logic is gone in most of these markets, so take your profits
quickly or you won't have them long.
A WEAK RALLY AFTER A SEVERE SELL OFF, GOLD MAY RETEST THE LOWS
This new uptrend channel is also an up flag which could
resolve DOWN! Be very careful about hanging on too long
to any long positions from this low. Take all profits while you
have them.
TALK ABOUT VOLATILITY!
Job losses increase so, using logic, you SELL your gold?
Yeah, right.
It's a good thing I overslept this morning. I could have been
caught in that whiplash opening.
Wednesday, July 1, 2009
Subscribe to:
Posts (Atom)
