Thank you, I now understand your thinking. Your plan sounds logical based on a technical call. My opinion is that we sould also be looking at outside factors including how the market is responding to good news. We may not have signs of excesses leading to reversals but the market is telling us a defensive posture is warranted. Seasonality should also be considered. Either way, I'm sure you will do well because you protect yourself with stops. Good luck
PS....I think the dollar will again head south and gold will rise soon.
Zeev, if if if 2088 area is not taken out at the end of the first week in May, do the horns come off? Also, please send me a personal mail with your address so I can welcome you when you hit Paris in the winter.
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