Platinum. Trading and Trending.

Posted on Apr 30, 2009 by in Letters

Some of our adroit readers correctly saw the short term pattern in PGM and bailed.  This was skillful.  From a trading viewpoint.  On the other hand the trend is still up.  The downwave here looks nasty (13.4%) but it is well within the general trend.  Also of interest the price is right at the present breakaway gap -- these tend to arrest declines.  Also the last gap looks like an exhaustion gap.  Traders who bailed might want to stick a toe back in and we are thinking of increasing our trend commitment.  

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