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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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To: IngotWeTrust who wrote (29323)	2/22/2013 2:33:20 PM
From: TheSlowLane	11 Recommendations of 29622

I never presume to know for certain what will happen on any particular day but anybody can see how stretched things have gotten. HUI, XAU, GDX...whatever...gapping down day after day. When you get that kind of energy going in to a move, up or down, it cannot be sustained. Whether that means a dead cat bounce or a trend change depends on what happens next but the odds of everything continuing straight down are miniscule. Fading this spike down is Trading 101, imo.

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