In XLF, the 200MA held as resistance. In Gold the non-triggered sell signal is cancelled. NDX shot up, causing a new buy signal to be issued. On the US Dollar notice the 8th touch of the up sloping tendline. TLT is hovering around its 50MA.
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17 January 2012
"Not impossible. Inevitable. Goodbye, Mr. Anderson."
Tomorrow Silver will see its daily 50MA cross the 400MA. It is inevitable! The MA-pair differ only 0.1 point, while the 400MA is rising 0.3 points each day and the 50MA declines 0.1 point. The last time such a down cross occurred was in mid September, 2008. Further the 50, 100, 150 and 200 MA's (not shown on chart) are in bearish alignment. Price is stalling and mayor resistance is building with the both the 50 and 400 MA just overhead. So mr. Anderson, are you going down or do you play your Neo tricks?
In XLF, the 200MA held as resistance. In Gold the non-triggered sell signal is cancelled. NDX shot up, causing a new buy signal to be issued. On the US Dollar notice the 8th touch of the up sloping tendline. TLT is hovering around its 50MA.
In XLF, the 200MA held as resistance. In Gold the non-triggered sell signal is cancelled. NDX shot up, causing a new buy signal to be issued. On the US Dollar notice the 8th touch of the up sloping tendline. TLT is hovering around its 50MA.