September 15, 2013

  • GLD Is taking support at the daily cloud and 50% retrace level. 
  • For a bigger fall price mus trade below the cloud.
  • For bulls the presence of the GAP between 128 and 131 and the broken 50 and 100 Day SMA's will make it tougher to do a bigger up move for now.
  • APPLE Weekly bearish engulfing


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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore