GOLD 0.51% $1,391.7 gold futures

Next Week: By the end of the 4-day week, prices should be over...

  1. 5,881 Posts.

    Next Week: By the end of the 4-day week, prices should be over 17.92. We’ve had 7 index signals in 7 trading days! This was and is an ultra-critical point that is supposed to resolve to the upside. A decline of 2% on Tuesday (2/19/08) will generate a 92-96 index sell signal and sell SKI via a double sell (a 16-20 index sell that executed on Friday, 2/15/08, followed by a 92-96 index sell). The sell stop on Tuesday rises to a closing price of USERX of 17.17 or lower (and an unexpected Intra-Week Update). The stop will continue to rise each day next week.

    The following week: The 92-96 index back prices continue to rise. The stop is rising! USERX needs to rise over 18.86. Thereafter, the back prices rise to the November highs over another month. SKI will be stopped out if prices don’t rise over approximately USERX 20.00.


 
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