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S&P 500
5,541.52
(
-0.84%
)
US TECH 100
19,120.80
(
-0.78%
)
Dow Jones
40,731.54
(
-1.13%
)
Brent Oil
84.17
(
-0.38%
)
Bitcoin
63,559.17
(
-0.84%
)
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Texan77

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Texan77

Re: None

Saturday, 10/20/2012 6:13:15 AM

Saturday, October 20, 2012 6:13:15 AM

Post# of 11564
gold looks set up for a possibly sharp drop soon. More sophisticated traders who examine the 6-month chart for gold presented here will clock the massively advantageous risk/reward ratio for gold shorts at this point, since any newly opened short positions can be protected with an overhead closing stop that strictly limits losses if gold breaks higher, placed just above the top line of the Rising Wedge.


http://www.marketoracle.co.uk/Article36904.html

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