Hi Cush,
Crazy markets, eh?
I moved into 50% cash before 10:00am today. Since I'm trading just the techies, I was concerned that none of my stocks were able to break through some sigificant resistance, which I think that you have captured on your Daily NAZ charts. So Maybe 'da NAZ is topping out or Maybe it is just digesting its gains or, Maybe a pause before we go back down, Maybe the market is just entering a trading range.
Heck if I know, I just wanted to try & protect some profits... & hopefully reenter @ a lower level
Regards,
Peter
edit: even though I'm out of Gold & fully expecting some more down, I am watching the Yellow dog very closely for any signs of fife (especially stocks such as GLG.to, PDG.to, NEM, K.to & assorted juniors)
I am very respectfull of the saying "Beware of sleeping dogs" or is it "let sleeping dogs lie"?
Anyway, I am always mindfull that Gold is a brutally manipulated market, (now more than ever), & a $100 or $200 overnight jump in the price of Gold is not out of the question... |
