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

To: John Pitera who wrote (48229)	4/4/2013 4:59:11 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 221958

I fully agree on all points... on gold, if it doesn't recover from these levels soon enough, then I would suspect the U.S. Dollar is going significantly higher... GZ

To: John Pitera who wrote (48229)	4/4/2013 9:52:07 AM
From: Fintas	Read Replies (1) \| Respond to of 221958

Gold sits as the lonely little petunia to the left on a bell curve of sectors. It's at 18 and up from 16 ish. The positive it's near term momentum has come off it's lows nicely. BUT that will run out of gas soon to allow for the retest of that 16 and probably go LOWER.. MY previous work had gold at 1404/1458. That was suggested when Gold was in the 1900's. That view re a lower numbers has not changed. However, the longer view still has it at 2430/2912. I'll let the how play out for both directions but I'm comfortable with my TA for both directions as I consider many nuances. So at 1547 ish. One can quickly look to consider the numbers and % DOWN and UP. ALL IMHO Fintas

To: John Pitera who wrote (48229)	4/4/2013 9:52:38 AM
From: Fintas	Respond to of 221958

deleted due to double post. Fintas

To: John Pitera who wrote (48229)	4/4/2013 10:34:18 AM
From: Kirk ©	Read Replies (1) \| Respond to of 221958

John, try extending the top dashed blue line all the way to the right edge of your graph and something I am watching keenly emerges.... A successful test from above of a trend change is one of the most reliable indicators I've found. A stop loss is still a good idea for a trade in case the support fails.