Sunday, September 13, 2009

Technical Picture - Win Steak Ends at Resistance

As discussed on Thursday, preliminary targets on S&P have been attained and now we anticipate a retracement to either the trendline or the base at 950.

IBD says a weaker dollar and inflation fears are propelling gold higher. Really?, I thought gold bugs were pushing gold higher. The $USD chart still has me scratching my head, because lower prices are not being confirmed in the MACD.


StockFiend said...

Are you shorting the market since you think we've topped?

Jamie said...

Not yet. I'm waiting for a clear signal.

StockFiend said...

Good thinking, same here. I got burned on EDZ and SRS a couple weeks ago.