It looks like the set up I anticipated and have been waiting for in GLD is playing out, whether we get above the red trendline is all that's really left as a question for me.
Friday, August 31, 2012
Nothing can be trusted this a.m.-GLD
I'm very close to pulling the trigger on probably October GLD puts, here's what I was looking for, here's how close we are and what the probabilities are looking like.
GLD reacts totally opposite of Bernie's comments.
Above the red trend line is where I want to look at GLD puts.
The 2 min chart looks like it was prepared to move GLD higher VERY short term, but after that?
3 min chart negative
5 min chart very negative.
It looks like the set up I anticipated and have been waiting for in GLD is playing out, whether we get above the red trendline is all that's really left as a question for me.
It looks like the set up I anticipated and have been waiting for in GLD is playing out, whether we get above the red trendline is all that's really left as a question for me.
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