gmtn: Maybe ready for a pop!!!!!!!!!I averaged down a little. The Continuous Gold Contract is in the double oversold area so it may take a pop. But right now the contract is trading on the sell side. It changes very quickly . I'm looking for short upmoves.
Remember this is not investment advice.
Also the Dow may turn down tomorrow even thou it had a double bottom on oct 03 + 13.
This may last a few days.
This is my opinion only and this is from daily charts only.
I stream the S+P 500 index by the second and it looks like it is demented. Maybe I have vertigo. I think CYCLES are made by the market makers according to their order book. This my belief.