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S&P 500
5,297.10
(
0.00%
)
US TECH 100
18,100.00
(
0.12%
)
Dow Jones
39,869.38
(
0.00%
)
Brent Oil
83.28
(
0.08%
)
Bitcoin
66,262.83
(
1.57%
)
Post# of 19037
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Frank Pembleton

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Frank Pembleton

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Re: ItsAllCyclical post# 18949

Tuesday, 05/19/2009 3:29:40 PM

Tuesday, May 19, 2009 3:29:40 PM

Post# of 19037
IAC - my guess is that gold bullion telepathic, it's looking into the future, the market otoh is running on momentum.

What I'd like to see (when looking at the Nasdaq chart) is a big day tomorrow, blow-off (on the hourly) leaving a double-top on the daily - I'd love to take the market short tomorrow afternoon.

As for me buying the gold index this morning - it was hugging the 9-day MA and I thought; why not? That's about the level of thought I gave that trade this morning.


FP........................................................

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