Tuesday, August 21, 2012

GLD Update

If that BIDU position was my only position, I'd have held it, but I had another Put position and I needed some room for GLD which I like here for a put.

I'll probably go out to October and it will be a partial position, not a full one as I already have a partial in GLD puts.

 GLD breaking out of an obvious triangle.

 GLD's Intraday range is very flat.

 It's the trend in the intraday charts that interests me, the 2 min


 The 3 min

 The 5 min leading negative.

 The 30 min is also leading negative.

Here's the 60 min, also leading negative.

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