Saturday, May 10, 2008 10:46:11 PM
In addition to previous post, it looks like gold hit its "sweet spot" ... 50% fib retracement plus major support level. Also, not shown is the 200dema (ema rather than sma). It was near the 200dema on the bounce. In other words, THREE major levels of support.
http://www.financialsense.com/fsu/editorials/degraaf/2008/0509.html
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.
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