Wednesday, February 29, 2012

GLD

Yesterday from the charts, I thought GLD was going to have trouble holding on to yesterday's gains, sure enough...
 GLD is down over .50% thus far in a very parabolic drop...

The 3C chart and this was captured 30 seconds later, look how much worse the drop is 30 seconds later.

Because it is parabolic, I wouldn't be surprised to see a bit of an upside correction, but I'm not seeing that yet.

No comments: