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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: FCom777 who wrote (29877)	3/14/2012 6:31:22 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 224238

According to my model, which I use primarily for the SP's, it appears we may have seen a major low of sorts in gold early this morning, a capitulation of sorts, of course unless it doesn't hold later, but for now we did hit a major downside VP and also a minor one, so we should see a rally off that level very soon... I added at that time only because I'm using my model to measure the market action... so, we'll see what happens today... just by looking at the chart, it looks like gold is going to collapse another 500 dollars from here, but using my model, we should see a decent bounce which could just as easily be a meaningful low... In fact, gold did bounce about 7 bucks, not really much, but silver rallied more than 40 cents off those lows... so, we'll see... GZ