Getting close to some high trendlines again...charts are Friday's data...
What I would expect to happen, is, sometime soon, the markets resume their crash, making a 5th wave down (see chart and commentary in the previous post). Along with that, the dollar begins to rise again as it did in the most recent strong down cycle, and Gold will correct back downwards in response to the dollar...it's already flirting with some tough overhead resistance...
3 comments:
Nice new look
Thanks for the gold commentary, i agree, just a couple more days maybe...
Mark
for what its worth---one of my trusty indicators now rests where it has (checked the past 13 times to last fall) the market topped. on only 3 times has it went 1-2 days past that
Thanks for the feedback guys!
Mark
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