Thursday, February 11, 2010

GLD


Scaling out of long and looking to enter short in stages:

107.35
108.10
108.35

The thinking is that the affliction to the 200 hour moving average is too much of a coincidence to the gap fill of 108.43. This sets up an excellent short trade with a stop above 108.50.


For the Web's best interactive charts, please visit http://www.Prophet.Net

No comments:

Post a Comment