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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?


To: doug-e-mini who wrote (34351)9/24/1999 5:08:00 PM
From: Brian Hornby  Read Replies (1) | Respond to of 44573
 
Yes - I think this may be *the* bounce for gold. Certainly more upside is quite possible. There are a LOT of shorts out there on the gold that must be getting nervous. A futures trader commentary I listen to discussed that another move above the 372 level would cause a lot of short covering. I did sell 1/2 my position today at 371, but will add on a pull back.