US reversed its bull position from Thursday. The bears were in charge on Friday. Let's see if they are still in bear mood.
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- #187
- Feb 15, 2011 6:19pm Feb 15, 2011 6:19pm
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
Getting it right is NOT as important as not getting it wrong.
- #189
- Feb 16, 2011 2:21am Feb 16, 2011 2:21am
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
Looks that way doesn't it? But, ya know, I'm not convinced there is too much more north in this. Some likelihood that gold and silver will head south as money shifts into asset class currencies.
It sure looks (and is) not really easy to go long here, but either the market will go higher and the long trade will be ok, or we'll get an invalidation signal that will trigger an opposite short trade.
Using daily signals, so there's plenty of time for the trade to develop.
Getting it right is NOT as important as not getting it wrong.
i'm still long in gold too.
not really because of technical analisys ( which is good for long too ), but more about inflation which pushes normally, gold higher.
Weekly looks good anyhow, it could go far north , even if other timescale look very overbought.
i target too 1420 and 1500..just for fun .
let's see
not really because of technical analisys ( which is good for long too ), but more about inflation which pushes normally, gold higher.
Weekly looks good anyhow, it could go far north , even if other timescale look very overbought.
i target too 1420 and 1500..just for fun .
let's see
gold is gold.
- #191
- Feb 18, 2011 3:16am Feb 18, 2011 3:16am
i'm still long in gold too.
not really because of technical analisys ( which is good for long too ), but more about inflation which pushes normally, gold higher.
Weekly looks good anyhow, it could go far north , even if other timescale look very overbought.
i target too 1420 and 1500..just for fun .
let's see
Looks really overbought, look at silver and the 200mda, but anyway looks like we might see a test of 1390 today. If that goes through then we going to keep going.
- #192
- Feb 18, 2011 11:52am Feb 18, 2011 11:52am
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
Getting it right is NOT as important as not getting it wrong.
- #193
- Feb 23, 2011 12:10pm Feb 23, 2011 12:10pm
- | Joined Aug 2006 | Status: Trader | 1,355 Posts
Getting it right is NOT as important as not getting it wrong.
