Thursday, February 28, 2013

GLD Update

I like GLD even better here.

 The daily chart of GDL with a gap at the $153 area...FILLED

 Here's some stronger support recently on a 30 min chart, note the stops hit as volume ticks up-this is why I NEVER put in stop orders or any kind until I'm ready to execute, I got burned once on vacation and never again since. Would you show me your cards if we were playing poker?

 On a 5 min chart you can see that support level above was the one that was drawing attention.

3C (1min) looked pretty good as that area was hit.

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