Swing trading Canadian

[kirby49]

Hi TF

That's the chart I watch all day in conjunction with Kitco. Since it's thirty minutes delayed as are all $US index charts, I watch to see that it lags contrary to POG. That's why I watch that 30 minute chart. I'm particularly looking for kangaroo tails on the candles like the one on the long white candle at 12:30 as reversal points. A one point rally isn't really a big deal however, although it looks bad on that chart. For more perspective click on the daily, weekly and monthly words in the bar with options on the right hand side. You will see that 92 is resistance going back to '99 on the monthly chart. On the weekly you'll see we've been in a trading range for 5 weeks now, but it can stay there much longer as is shown by the beginning of this year and all last summer and fall.

Regards

Bob