Monday, September 29, 2014 4:45:00 PM
and why I'm being further convinced that Gold 1207 low on 24Sept could be the low off the 1200 support line, that's of course if Gold makes a short term run. I still have a channel read of 1190 descending support, but I'm questioning that target now.
The ratio ticked up today 2/10th to 14.05 (noise), but the MACD has just crossed under, and the Trix is near convergence on a cross under. I find these 2 indicators quite accurate most of the time, and they can lead by several days.
Tomorrow will be a pivot day IMO, The DOW/Gold ratio is speaking, if truthful (lol), then we should see either DJI sell off, Gold climb, or both in the next several days.
The wildcard is DXY !
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