Posted by marketguy on 7th of Oct 2010 at 05:23 pm
no doubt it's been in a strong uptrend but has almost gone
parabolic so a 10-20% correction here should not be a surprise
(even to a gold bull)...
the daily bear engulf gives shorts an easy exit should it start
heading up again (ie a
closeabove today's
high and one should exit if they are short)...
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no doubt it's been in
daily bear engulfing
Posted by marketguy on 7th of Oct 2010 at 05:23 pm
no doubt it's been in a strong uptrend but has almost gone parabolic so a 10-20% correction here should not be a surprise (even to a gold bull)...
the daily bear engulf gives shorts an easy exit should it start heading up again (ie a closeabove today's high and one should exit if they are short)...