Well I haven't let the fat lady sing yet. Everything traded kind of strange today. old crashed ad then pretty much flat lined the rest of he day. I have never seen gold just lay flat like that on the 5 minute chart. I am torn on this trade. JDST hasn't had a bullish crossover on the MACD since January. It ended up going to 17.75 or so from about were it sits now. The crossover before that went from the 9's to low 40's. It is due for a nice pop. USD is my main concern on it. I was as low as 8.64 before the 42 pop. To me that make hardly any of this the decay.
This is all gut trade at the moment. Charts are kind of either way the way I am reading them. Kind of like playing black jack betting low until the dealer has won 4-5 hands and then bet big cause odds are in your favor.lol
LOL..Yea this.. I took everything a little further out and have a few other support and resistance levels on it but the falling wedge and MACD are what is in play at the moment. I wish I could post my charts from freestockcharts.com but I don't seem to be able to. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113256700