looks badafter a great run and some nice profit (12.4-18.50) i said buy with both hands at 14.40 . now i am afraid to say that its time to take profit . i would be watching francos price action to confirm another buy . right now a two day close above 18 would be anonther buy. but as i look at the charts the past 4 years that franco has been in a bear market i noticed that every time it reached its peak and then started to correct (like now ) franco has gone on to make new lows. (12.40 )
.now i do not want this to happen but only a reversal in this indicator could a bull market begin. so franco has to trade at least 2 dollars above its intralow for at least two days to begin buying with both hands. for now take profit or hold all bets. go gold go franco