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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (28905)	2/9/2002 6:09:14 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

George i am reposting link to this post of yours:) this thread moves so fast i don't want people to miss this one Message 17038347

To: Crimson Ghost who wrote (28905)	2/9/2002 8:04:37 PM
From: Psycho-Social	Respond to of 99280

Gold Overbought: I don't follow the Gold Market and you could well be right. I've found that, when using Jake Bernstein's sentiment indices as a stand-alone indicator, such high bullish readings usually suggest a contrary move i.e. down in this case, will probably begin in a few days and last a week or more. Traders with leveraged short-term bets on higher gold prices would probably be well-advised to close or reduce them. Traders thinking of buying right now will probably find a better entry point in the not too distant future.