thanks for the feedback guys.
yea, the strong dollar, election yr, etc worry me a bit too.
believe Both the metal and stocks are at a critical point here,
both are oversold for sure.will probably be able to get out
with a small loss if I need to, will watch close and try to
keep my shirt. thanks for the feedback. I have no doubt Matt will
go over this on the update, I think it will all work out,
good trading to all........
Jim
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gold
HUI 5 wave anyone??
Posted by maggi3322 on 12th of Aug 2008 at 12:22 am
I would be careful about jumping into gold stocks. While Elliot Wave has stated a support level around 800 their long term target for gold is 600.
FYI
thanks for the
Posted by Jim on 12th of Aug 2008 at 12:41 am
thanks for the feedback guys. yea, the strong dollar, election yr, etc worry me a bit too. believe Both the metal and stocks are at a critical point here, both are oversold for sure.will probably be able to get out with a small loss if I need to, will watch close and try to keep my shirt. thanks for the feedback. I have no doubt Matt will go over this on the update, I think it will all work out,
good trading to all........
Jim