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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