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


To: GROUND ZERO™ who wrote (48938)4/17/2013 10:46:28 AM
From: Kirk ©  Read Replies (3) | Respond to of 222274
 
Interesting that today stocks are pulling back after the ratio touched my upper resistance trend line on a log scale.
I'm leaving for the day, I'm short the SP and long gold, my stops are in place just in case... I should be back near the close...GZ
April 17 DOW to Gold Ratio - Log Scale
April 17 DOW to Gold Ratio - Linear Scale

Jeff Saut on CNBC suggested the pullback on the DOW is to raise cash to cover margin calls for those getting crushed in gold.