Moronic Maddening Monday
Well I mentioned this morning, that the gap down would be filled today and no suprise there. I mentioned if you were short this morning, please take profits as nothing has changed! The bulls buying on every dip, they have the cash the bears don’t have.
I must say I am so IMPRESSED with you guys that you stayed with the blog and kept posting today, over on Slope of Hope, they were discussing $100,000 cars. huh?? 😉
If you followed Zero Lite it lead you exactly where you needed to be. Below on the graph you can see where it started up to fill the gap.
The $DXY had an ugly “UP” day, gave back allot of it’s gains early on. The EUR/USD is in Wave 4 correction before Wave 5 to new highs. Which in my opinion will be a short shallow correction. Gold retraced much of it’s early morning loss and was down only slightly. I will say again that I am very bullish on GLD. It has clearly broken out of a bullish triangle.
you guys were awesome today and couldn’t have done a better job.
Geronimo had a fairly good day and I love it!
Geronimo/ES: +3 Points
2 Winning trades, 1 loss for 2 Points.