December 17, 2009
Gold is probably building a bearish flag. The target of the ABC corrective move would be around 1.050USD$ – 1.075 USD$. Nothing is written in stone but the chart certainly suggests this to be a high odds scenario. From a psychological point of view I very much like this scenario as it would hurt lots […]
Read the full article →
December 15, 2009
Louise Yamada on BNN. Very interesting interview detailing the difficulties traders have analyzing current markets. You guessed it. It is those divergences. Volume not confirming price advance. Advance Decline line not confirming new highs and the list goes on. Louise Yamada mentions the fact there have been divergences at the beginning of this year’s run […]
Read the full article →