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Friday, August 15, 2008 6:54:45 AM
This could easily go to 725 if we break here. The 320 is the bear/bull line. On Gld we need to break the 81.50, which we flirted with, but never got a buy signal on Tuesday and it turned out to be the old bull trap.... I wouldn't try to find a bottom here.... Interesting that the Dax was up so big and is diving down here, thought we would get an exhaustion gap... The Yen, is again the currency to watch, green on CNBC and markets are green, red on CNBC and markets go down.... forget the technicals LOL....
Buy 'em when they are crying, sell them when they are yellin'
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