Wednesday, August 13, 2008
5:40AM PDST
Still haven't seen the reports results on MW,
but gold sold off on the open down to 82120, quickly bounced,
then suddenly sold off again lower to 82050, which is right on
the morning's up trend line (light white line)
and quickly rallied from there on moderate to strong volume.
Euro also rallied some
Oil is moving up slightly in the 113s
Dow is moving down
Bonds are rallying in the 116s
Dollar just moved down to .7636
Gold just rallied to match the previous high at 82640 and immediately
sold off...
Where it goes from here is unknown, but it seems that
it will go sideways between the bold blue lines on my chart for awhile
until it can build a base sufficient to convince those on the sidelines
to move back in...
But when they finally do...hang on!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment