Memorial Archives

Sick Again? The $USD
posted Mar 5, 2004 at 11:23PM

The retest of the 88 level becomes crucial. Go under and it confirms short term buy signals on gold indexes. Bounce and you will get some whipsaws.

There are some who may be able to predict this market...I am not one of them. More realistic is to try to outline the possibilities going forward and shape trading plans around them.

Do not assume things will go your way...have contingencies to keep losses at minimum levels. To me markets are at a point where something has "to give" and I for one have no intentions of bleeding for any stock I may happen to buy.

(Note: the bottom arrow on the 1445 stochastics should be green...)

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