Friday, February 27, 2009
2:00PM PST JUST BEFORE THE AFTERNOON CLOSE GOLD PULLS BACK
This is just those traders who don't want to be
exposed over the weekend selling their positions
9:29AM PST GOLD GETS WHACKED ALL THE WAY DOWN TO THE BOTTOM LINE OF THE DOWN TREND CHANNEL
So far gold is rallying very steadily on moderate
volume. Close to the end of, or on the final
minutes of, the NY day session, gold may sell off
only to continue rallying in the afternoon.
8:55AM PST GOLD FALLS TO THE BLUE UPTREND CHANNEL BOTTOM LINE
Gold falls to the bottom white line of the
down flag at 927 and rallies
8:30AM PST GOLD DOES FALL TO THE 75% RETRACE POINT AND ATTEMPTS TO RALLY
There is one more 75% retrace point lower at
94410 for the whole morning's up move
8:18AM PST GOLD IS BUILDING A LEDGE TO FALL OFF, BUT IS HOLDING WELL AT THE 950 LEVEL FOR NOW
Dollar fell to .8798. currently .8805
7:13AM PST GOLD MAY FALL FROM HERE TO THE 75% RETRACE POINT OF THIS WHOLE UP MOVE
This rally off the low is stalling here and may
pull back to near this low or down further
to 94740 (75%)
6:54AM PST GOLD LOOKING FOR SUPPORT ON THE TOP WHITE LINE OF THE UPTREND CHANNEL IT JUST EXCEEDED
But turns out to be a ledge that gold is now
falling off of and going lower
6:32AM PST GOLD CLIMBS BACK UP STEADILY TO THE PREVIOUS TOP AT 9616
Gold's up volume is moderately strong and steady
on this last up leg
5:38AM PST GOLD RETESTS 964 ON STRONG MIXED VOLUME
GDP REVISED LOWER (no kidding!)
Dollar slips back to .8854, currently .8858
Gold slowly pulling back.
I think it has exhausted this run up for now.
It may consolidate up here, or just pull back
for another slow move back up today
5:33AM PST GOLD HAS A BLOW OFF SPIKE UP TO 954, COULD FALL NOW, THEN ANOTHER MOVE HIGHER
Dollar hits .8868, currently .8861
Dow off 157
5:26AM PST GOLD HITS 961 ON STRONG VOLUME 'RHINO HORN' ALERT
Gold now pulling back some.
Dollar hits .8864, currently .8858
Bonds spike then fall back
Dow off 135
Oil falling
Yen rising
Euro drooping lower
This gold pull back could turn around and go
higher at any minute...AND DOES...964!
RETRACE AT 96780
5:04AM PST GOLD INCHES A BIT HIGHER ON LO TO MODERATE VOLUME
Dollar is forming a down flag and could move up
Current high is .8859, now at .8837
Dow is off about 80 points from yesterday.
If you read Dan Norcini's comments yesterday,
he is as perplexed as I am about how these markets
are trading. You just have to have a lot of experience
in watching gold trade tick by tick over the years.
It's like learning about women.
4:54AM PST ONE MINUTE CHART, DOWN FLAG RESOLVES UP
Hard to call what will happen on the open with
a down flag and a slow building 'rhino horn' which
should pull back. Gold is now going higher
4:46AM PST GOLD HITS 954 THIS MORNING
Gold has just exceeded one 75% retrace point
and is headed for the next one at 96780 with
pull backs along the way
Thursday, February 26, 2009
6:39PM PST GOLD MAY BE READY TO RALLY HERE
Gold dropped suddenly to 9378 and snapped
back. It could rally here. But I am more inclined
to wait until the overnight hours to see what
happens.
I don't want to trade when I need sleep..just
in case the trade goes against me.
GT RECEIVED HIS NEW ROUTER AND ADAPTOR CARDS TODAY...WOWEE!
I looked at the Consumers Digest reviews on routers
and the D-Link Xtreme N DIR655 was considered the
best. Price was $90.89 through Buy.com.
I also bought adaptor cards for each computer that
were compatible with the router.
They were D-Link Xtreme N Desktop PCI Adaptors
Model DWA 552. Price was $57.91 each through Buy.com
No shipping if you choose regular shipping. They got here
in 5 days. The adaptors from CA. The router from PA.
Everything arrived together today.
These units are FAST! Three antennaes on all items.
They divide input into separate traffic so one type doesn't
delay another.
I would NOT get any other after having an old Netgear 108 mgps
router from 5 years ago, which was consider fast back then.
and the D-Link Xtreme N DIR655 was considered the
best. Price was $90.89 through Buy.com.
I also bought adaptor cards for each computer that
were compatible with the router.
They were D-Link Xtreme N Desktop PCI Adaptors
Model DWA 552. Price was $57.91 each through Buy.com
No shipping if you choose regular shipping. They got here
in 5 days. The adaptors from CA. The router from PA.
Everything arrived together today.
These units are FAST! Three antennaes on all items.
They divide input into separate traffic so one type doesn't
delay another.
I would NOT get any other after having an old Netgear 108 mgps
router from 5 years ago, which was consider fast back then.
6:24PM PST GOLD FELL BELOW THE FIRST 75% RETRACE POINT, NEXT ONE AT 93630
This pattern of sell offs in the afternoon and
through the overnight hours has become a pattern.
So it's time for the BOYZ to shake things up soon.
BE CAREFUL! None of these supposed patterns
lasts any longer than the 'manipulators' want them
to last.
