We’ve been looking for the top of the wave in gold too. As all readers know you’re not supposed to do that unless you are trading against your position. And, trying to pick the top sometimes cheats you of the subsequent up move. And you can see a buy signal in the gold the last couple of days. Not a roaring signal, but a signal. We’re not buying anymore right now, but if you were really aggressive this is an add on signal. If you’re just trying to get in then it’s a dip the toe in signal. We haven’t marked all the buy signals on the chart. We’ll do that in the future.
- Post author:WHC Bassetti
- Post published:February 12, 2009
- Post category:Letters
- Post comments:3 Comments