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Revising My Call: Dollar and Gold in a Short Term

(2009-12-11 00:06:32)
标签:

股市

My calls on Dollar and Gold may be a bit pre-mature.  As you can see Dollar (UUP) intraday chart today, in stead of correcting deeper, it seems to form a small bullish flag shown by 2 blue parallel lines.  And I put my wave count in details.  If this is the case, then Gold (GLD) may have one more push down before the Wave B rally comes. 

UUP 60'

Revising <wbr>My <wbr>Call: <wbr>Dollar <wbr>and <wbr>Gold <wbr>in <wbr>a <wbr>Short <wbr>Term

 

GLD  60'

Revising <wbr>My <wbr>Call: <wbr>Dollar <wbr>and <wbr>Gold <wbr>in <wbr>a <wbr>Short <wbr>Term

 

By the way, speaking of the broad market, the market had initial sell-off at the open, and then has been trading a side-way as I am tying here.  It could go either way from here.  To the down side, my "gap & crap" is right.  To the up side, please allow me to remind you what happened on June 11, Thursday prior to June option expiration week.  On that day, June 11th, the market had a similar trading pattern to todays' by noon time, then pushed higher around 2PM, sucked more bulls in and pushed more bears out.  However, at the end of the day, the market was sold off after the last spike, and the day was a reversal day at the time, I called it "Tricky Thursday".  If today repeats what happened on June 11th, then my call in yesterday is still valuable. 

 

See you at the close

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