Yogi,
Agreed on US $, chart wise it has now broken the neckline of a small H&S. XAU performance is almost strange. Gold investors sentiment almost sickening, like a prizefighter all bloody and down for the count, all in all pre BOE it IS wonderful, just WONDERFUL, VBG.
$not good and BKX weakness today, things not well in general market????
OSX chart looks terrible, breaking down out of a rising wedge (daily) on the right shoulder of a large H&S with a gap a few days back and a failed rally today. Weekly looks little better, breaking down out of a sym triangle today with no reversal, heading for the uptrend line like a roller coaster. Tape read also gave no comfort, so I reversed in the middle of a bottom feeding frenzy and skeedaddled. Dem bones dem bones, better part of valor and all that. There will be a day to go deep into the energy sector again, just don't know exactly when, but now it is not.
But maybe time now in the golds, maybe maybe.
Try, there is no Try, Do or Do Not, yeah Yoda baby!
Beep beep,
Roebear |
