Gold's 5-wave down now has a 3-wave up. I'll assign Minuette 2 to this.
Friday, September 10, 2010
9/10 12:30
DJ futures are still locked within the triangle. Order stands to buy SDS at DJI 10,490.
Gold's 5-wave down now has a 3-wave up. I'll assign Minuette 2 to this.
Silver has completed a 3-wave up. The key support for me is the 90-minute M/A -.7% on 90-minute close or -1% on a normal stop. Currently 1967 and 1962. I have a stop order working at 1962.
I'm holding 2% ZSL from 27.06. Any high beyond this morning will cause me to sell it.
Gold's 5-wave down now has a 3-wave up. I'll assign Minuette 2 to this.
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Hi Steve.
ReplyDeleteGary in the Uk here. Thanks for the posts. I reduced my shorts at the 1040 bottom, wish I'd ditched them all.
I've been adding in the past few days, so hope you're right re the top being today.
I am an old-fashioned technical trader, using trendlines/MAs/Fibs etc.
Let's hope we both do well in the next 2 months!
Gary
ReplyDeleteThe 3-month Libor is half what it was 2 months ago so markets are complacent. I anticipate Libor accelerating from .29 past .75 as 11/15 draws near. This will be beyond central banks' control.
Thanks for the post.