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


To: surnamehistories who wrote (83207)6/8/2016 9:37:37 AM
From: GROUND ZERO™  Respond to of 218589
 
Seems like a reasonable play since gold is now extremely overbought... nothing to say it still can't go higher, but at some point the late and nervous buyers will have to get stopped out, that could bring it back down to earth before the next launch... for me, I'm just holding gold longs and trying not to flinch...

GZ



To: surnamehistories who wrote (83207)6/8/2016 9:43:08 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 218589
 
I suspect the next higher VP would be a nice place to attempt a short... although, very frankly, I don't think this market is going to do anything but hiccup slightly at these VP points, this market has the early markings of a runaway pattern... the overnight short was covered earlier this morning already... I'm just holding a bullishly biased EQ and it's becoming more bullish every day...

GZ