Is this ABC or impulsive? Dollar is still up trend keeping stops tight.
Trade active
⋅
Do we go back up for a higher high or will we break down here and reverse? On the daily chart I like the looks of gld reaching 100 day.
Comments
kenny1924
⋅
Is this a dead cat bounce in Gold since Stocks are moving up, Bonds are moving up, and Gold is moving up. I am not sure I get this picture right now. Is it the 'net' bullish effect of Obama going out, and people turning their 'cash into investments'? If that is the case, then investors would be moving cash into their age appropriate or allocation appropriate investments and moving each of these assets up in an 'illogical manner'.