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Strategies & Market Trends : Zman Market Timing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (1196)11/21/2013 2:24:30 PM
From: zman69  Read Replies (1) | Respond to of 15903
 
I am Bullish just because of the risk/reward... Oversold coming into Zman MAJOR TURN DATE with 1220 as a hard stop very close by... Time for the Gold bulls to show me what they can do ;)



To: gold$10k who wrote (1196)11/21/2013 3:17:09 PM
From: The Ox  Read Replies (1) | Respond to of 15903
 
I think there's a very good chance GLD falls below 118 on this current move and likely tests the 116.75 level. I'm not sure I would buy before there, unless the chart shows a clear turn up. I think that's the area where you have the best risk/reward, as you can place a stop below there based on your risk tolerance. Until it reaches that area or we first see a turn, I'd pass on this falling knife.

JMO


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