chart, page-19

You'll be right Hotfire, AGO is acting strong during this downturn.

I saw this post on the XJO thread, it sums up my thoughts on the general market very well indeed.

I hope he/she doesnt mind me reposting it here, for you all to read.



"This is a bear market no doubt, just because the market moves up a little doesn't make it a bull market.

The good news for today is that we have touched into the area of heavy supply and bounced right out of it on light volume. This suggest that supply is low allowing any demand to push prices up.

With such a heavy down move, I would expect another test, possibly after a little range trading.

There would certainly be plenty of people wanting to get out on any kind of rally between 4400 and 4200. So I suspect a Bull trap with a sudden drop to try and suck those people into taking a loss thus freeing up more supply between 4400 and 4200. Then a test after that, then a more sustained moved if all things pass."

Toll



cheers