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Wednesday, March 26, 2008

Countertrend Gold Trade

Gold is getting interesting as a short term play (bearish) that is counter to the longterm trend (bullish). If light volume continues on the up move, I will enter one of the weaker stocks.

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2 comments:

  1. FeirFactor1:07 PM

    I don't think volume has been that light in the GLD the last 2 days. Why do you say it is?

    ReplyDelete
  2. The Market Speculator4:16 PM

    Because the last few positive days have been lighter than the preceding down days.

    ReplyDelete