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The Humble Speculator
Friday, June 12, 2009
What's Gold trying to say ?
I'm seeing a juicy looking head and shoulders pattern playing out in Gold which to me is saying look out for the deflation trade coming up and should bode well for the long end of the bond market as well...
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My open book trading diary, ideas, comments, project etc..
Never listen to me or trade based on anything I say or do. I am not a professional of any sort.
This Blog is just to help me stick to trading themes and hopefully help me stabilize my performance.
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My gold key level...
/ES update..
Breaking it up in stages...
Crude update..
Gold looks interesting as well...
Crude update
Fibs holding so far...
channel still in tact..
S&P vs. TLT
Golden Cross...
Silver via SLV
How I see the current /ES setup....
Summation Index update...
Fractal update...
OIH sell signal
/es 875 first target on deck...
Steady as she goes...
Globex drift...
Sector divergences...
Cresting of an Impire....
What's Gold trying to say ?
upward bias to the consolidation..
Topping action continues...
tracing out the top...
Long bond signals..
Line in the sand....
Still no reason to cover my shorts yet..
1st target @ 835ish broken...
Maintaining my Bearish positions
staying short until the RSI signal blows up
June 2nd marks the next key fib time slot for a turn
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About Me
Trader Joe
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