Thursday, April 2, 2009

Possibly one more high...

Well today traded right up to our upside target. The structure of the advance leaves one more marginal high as a possibility tomorrow. I guess it will depend on if enough buyers get behind RIMM's earnings or not. Gold is at a critical point and could take out its major advance off of the quantitative easing announcement. That would be bad for the gold bulls and could put Gold on a road to the 600-700s in the future (which would be a great buying area).

Our indicators are looking ready to turn over on the hourly charts. We should be there soon.

I'll actually be gone this weekend, so I won't do another post until likely Sunday night.

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