Tuesday, August 24, 2010
More Selling Ahead
Ignore Mr. Christian from PerfectStockAlert.com at your own peril. He even confirmed by own analysis blasted out on TWITTER that GOLD is indeciferable at this point: people flocking to it, people fleeing it, governments messing around with it.
Lower lows and lower highs, that mean BEARISH. Get over it.
It blows my mind in the FOREX world when you have people looking at charts that look just like the Dow Jones or like the Hang Seng .. and they say to themselves (and the world) "Hey, buying opportunity, here." Insane just insane.
I'll stay patient and stay with the trend thank you very much. I don't care if the Pound, Euro or Aussie bounces off support .... the market is bearish .. people are selling that stuff.