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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: SGJ who wrote (36985)12/13/2008 10:51:46 AM
From: Runomo™  Read Replies (1) | Respond to of 207847
 
from chart of the day,
looks like dow/gold ratio testing lower channel.....




To: SGJ who wrote (36985)12/13/2008 12:48:04 PM
From: Turbodiesel  Read Replies (1) | Respond to of 207847
 
well, I see a lot of gaps in the daily chart, and the price of gold is in extreme overbought territory.

Now, in my experience, it can stay extreme overbought up to 4 days in a row, before turning down.

The longer it stays up, the better entry point I can get.

I'd love to see gold go up 20 or more points on Monday. That would make a great place to enter GLL.

748.10 gold is on it's way, imo.

Once that gap fills, then gold can resume it's uptrend.

jmho,
td


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