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'

GLD
60'

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
加载中,请稍候......