re: croesus - what a disgrace! - jundala
Hey buddy
Look at any graph, it never goes up or down all the time.
The challenge is to work out when the institutions stop supporting something because they know there has to be a breather and they need to off load to mums and dads (the properganda machine at full volume during distribution ... brokers spuiking to the people at the end of the food chain with "wonderful" reports, ie you and me).
I'm not saying it will do down, what I'm saying is it will have a rest on its 200 day moving average before resuming its uptrend. Yes the trend is till up ...
Watch bigcharts.com with the code XAU and see when the institutions come back in and load up again. That will be the next opportunity. Should be on the 200 day moving average.
I'm not playing it either way, however from what I have read and seen, shorts should have been in 6 to 10 days ago.
Always remember you are playing with the sharks, regardless of how good it looks.
Phil
CRS Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
