My prediction is a tradable rally will start first thing tomorrow morning. If I'm right on time, the AHhaha Uncertainty Principle means I can't be right on extent, but I can guess. I guess that if the rally starts tomorrow it will rise slightly above April's highs, but then it will correct down before a more extensive move develops later this year. If I end up being right on time, and if you're a swing trader, after say, three weeks of upside, you gotta blow it out. You should blow it out also if it gets to April's highs in any frame. I also recommend going long at market. Just bet I'm right. It's as good as any other criterion in the world and it's almost as good as a coin. Don't get cute and book. Just go. It takes nerve to make dough trading and that's what you'd be having.
What negates the move? Downside tomorrow morning. If it starts down and several hours, say 3, have passed and it's dogging it, you gotta sell at a loss. If you aren't so demanding of nimble, you can hold two days as long as spot doesn't drop more than $6.
If this doesn't work, don't blame me. It is the hardest thing in the world to predict the price of money since it is the closest thing to a random process in markets. I think tomorrow's gold play is the best trade available at this instant. It has all the appropriate ingredients including the key one: indifference by the goldbugs. |
