Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 687.01

-0.1%

Dec 30 4:00 PM EST

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To: NOW who wrote (45899)	2/15/2013 6:38:35 AM
From: GROUND ZERO™	Read Replies (1) of 220925

The news this morning is that soros is dumping his gold at a loss, it could be capitulation and actually be the bottom, but who knows... are you still planning on holding? TIA For a quick update here... at this moment this morning, according to my model, gold is actually trading below its major downside VP, it could either turn higher from here or move another leg lower... the fact is the major downside VP is at 1632.40, and right now it's trading at 1625.50... the deadline due date for this decline in gold is due no later than this coming Monday, the 18th... that's the same date for the end of the SP rally... so, either gold turns higher from here and closes above the VP of 1632.40 on Monday, or on Tuesday since the markets here are closed on Monday, or gold could otherwise be looking at another leg lower... GZ

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