tippsy tuesday, page-84

Enough of my ramblings.

Gold exceeded Mahendra's 1002 for a bit although it still seems to be struggling to me when it probably should be soaring. I know all time highs are yet to be broken and that may be all it is.

The AUD has surpassed the mid 85's which I thought may be a barrier.

US markets did gap up and seem reluctant to leave the gap perhaps.

SPI made it into the 38.2 window of 4551 tonight and the question is whether it is there tomorrow. If it isn't then I look for the tweezer top with Thursday having a second shot at it. Maybe we just surge above it tomorrow and its a whole new ball game to much higher numbers.

There is no doubt that a lot of momentum indicators are overbought and some are actually weakening.