Tuesday, September 6, 2011

GLD bounce

This looks like an intraday bounce, as I explained last week, I've tried to stay away from GLD/SLV until the signals clear up, but intraday, I think GLD will bounce, which could have repercussions for the market as GLD is a safe haven trade-this is an intraday signal though...
 GLD 1 min in line

 The 5 min chart and afternoon trade seems to show some positive divergences

 GLD 5 min also shows afternoon positive divergence, even though it is in leading negative position.

 DZZ-GLD short... Is showing an afternoon negative divergence on the 5 min hart,


And the 10 min chart...

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