Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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To: zman69 who wrote (976)	11/12/2013 11:46:19 PM
From: zman69	Read Replies (2) of 15903

Gold and SPX have been trading with an inverse correlation lately soooo methinks it might be time for a short-term bounce for the Yellow Metal... Plus Gold futures found support at a TL drawn between 7/5 and 10/15 pivot lows and .886 retracement of the 6/27 to 8/28 rally. Long Dec Gold with stop 2 ticks below today's intraday low (1260.5) When follow through is in short supply as it has been for the last 6 months, one must be nimble and flexible. I would LOVE a strong trending move in any direction that I could ride for more than a few days, but alas I have to take what the market as giving, and right now batting for singles is working better than swinging for the fences.

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