Thursday, August 7, 2008

8:16 AM PDST

The dollar has pulled back to .7455 Euro is trying to stabilize after a wipeout down move currently at 1.5346 Oil slipping back and forth between high 119s and low 120s Dow gapped down on the opening and has not filled the gap nor do I think it will...dow going DOWnnnnnnnn! Bonds going up and down in the 115s gold is now trying to climb up the short term up trend line from the recent low at 87650 and is trading up and down along it so I will keep re-drawint the line (blue) to keep it just on the lows gold has also retraced just 50% of the last up move from the low at 87650 it is also just at the down trend line (white) and just broke down to 87920 (61.8%) just under the blue trendline as I type this... Maybe gold will go down and retest the low...wait and see!

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