gold, page-42156

During my suspension; I had time to reflect on the Dow. Also I didn't appreciate the cheap shots some of the other posters took at me while I was blocked.

Anyway; I thought I would repost this which I put on another website while I was away.

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The bubble looks to have popped.


Perhaps the Dow will pullback to the 61.8% Fib level around where the 200 weekly moving average currently is. Looking at the 1H chart, head and shoulders stands out, we might see further falls on Monday.


Buying the dips might not be the best trading strategy here. Tight, limited, small sized, high frequency trades into the lengthy candlesticks is the way I will look at playing this. Example below, although these trades were on the Jap225.