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


To: Keith Feral who wrote (42249)12/20/2012 6:17:03 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 222196
 
Hi Keith

My reply is not related to your suggested longs but rather my look at the flip side of Gold. In the linked chart below is the S&P which happens to now be trading in the opposite direction of gold.

Take most of my read on Gold indicators and apply them to thr $SPX.

The S&P is very much in sell territory

stockcharts.com



To: Keith Feral who wrote (42249)12/20/2012 6:23:50 PM
From: Venditâ„¢  Read Replies (1) | Respond to of 222196
 
In my previous post about the S&P; I should have said "take my previous comments about Gold and REVERSE them for my take on the S&P. S&P is more than likely setting up to drop.