|
Jan 5, 2009
5:50 AM If you have holiday credit card bills today would be a good day to pay some down with the last S and P 500 rally's profits...hint, hint. GLD overbought - likely decline. Jan 1, 2008 Corn has moved past the 52 day moving average and seem to be under professional buying during pullbacks; perhaps this is where hot money is going after the recently confused trading range of the king of precious metals - which we've called. Buyers in corn between 375-400. Dec 28, 2008 GLD spike rally likely then a
decline.
Dec 18, 2008 GLD? Short term we are looking for a stochastic SELL, not a buy. While the world panics from Helicopter Ben's money madness, let's go contrarian and look for a SELL on GLD, not here yet, but maybe today or tommorow. I'll post it. Hope you guys loved the last 5% DJIA UP from last commentary, and got your holiday bills paid. Wasn't 9000 quite, but the bias was right, again. Remember this site is FREE, and you would have saved your 401 K completely reading it from July 18,2007.....lol. Dec 15, 2008 Seasonal rally historically from December 15-17 period to last trading day of year suggests another try for 9000. Close above 8823 will likely give 9000 another try. What are the odds? Since 1915, only 2 of 8 showed declines in this period. Longer term bear still intact, so this is still countertrend trading, and as such, use sensible stops and smaller positions. |
|
|