remember I talked about that last night, to be on the lookout
for a headfake as well, too early to say yet, but just be
aware.
GDX has also pulled in quite a bit, you have to be careful of
this as well with gold stocks, that's why I mentioned it below for
NG, they've had quite a run already, gold is in a parabolic move
right now, but when that ends, gold could be down 50 one day, so
you have to just trade them now, not marry them
My EW subscription said to expect a top in wave 4B early this
morning followed by a decline for wave 4C corresponding with a USD
rally. Potential target for the Dow for wave 4C is 9900-10300 area.
Then we get wave 5 up!
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remember I talked about that
Market head fake?
Posted by matt on 2nd of Dec 2009 at 11:12 am
remember I talked about that last night, to be on the lookout for a headfake as well, too early to say yet, but just be aware.
GDX has also pulled in quite a bit, you have to be careful of this as well with gold stocks, that's why I mentioned it below for NG, they've had quite a run already, gold is in a parabolic move right now, but when that ends, gold could be down 50 one day, so you have to just trade them now, not marry them
My EW subscription said to
Posted by phillw on 2nd of Dec 2009 at 11:32 am
My EW subscription said to expect a top in wave 4B early this morning followed by a decline for wave 4C corresponding with a USD rally. Potential target for the Dow for wave 4C is 9900-10300 area. Then we get wave 5 up!