Sensex

Thursday, November 26, 2009

RE: [Technical-Investor] Gold update

 

Dear all

 

Gold should correct significantly. All indicators are in O/B position in Daily/weekly/hrly charts. Also please note the discount of over 50 points in Gold and GoldM of Say Dec. The It has been that way for quite sometime now. Same is building in the Feb Contracts too. Looks like traders are long in GoldM and shorting Gold (Big). Correct me if I am off the track

 

Regards

Vinay

 

From: Technical-Investor@yahoogroups.com [mailto:Technical-Investor@yahoogroups.com] On Behalf Of BALASUBRAMANIAM SRIRAM
Sent: 26/11/2009 8:43 AM
To: Technical-Investor@yahoogroups.com
Subject: RE: [Technical-Investor] Gold update

 

Watch the rising channel break....$1200 here she comes. 

 

Another chapter in the annals of the Prechter coast as followers are dashed upon the rocks scrambling for any nugget of gold they can gather. To all that ascribe to the EW theory, I hope you are deeply capitalized to withstand your losses.

 

 


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