Tuesday, August 23, 2011

Something Broke in GLD?

I've been warning that the GLD trade has been showing very weak or no confirmation for some time and said last week I though it was under distribution. Today GLD opened lower, t's down over 1% already, could this be all of that non-confirmation finally catching up?

Just about every day these harts have looked like this for GLD.

 GLD 60 min

 GLD 15 min

 GLD 10 min

GLD 5 min.

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