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Monday, July 5, 2010

This Week in Charts Delayed

I want to do the charts this week after Tuesday's close.
The charts look like we are about to have an all out stock market plunge, possibly the start of a run for the exit doors.

Gold is going higher tonight, with futures going down.
At this point, if the market is going to collapse, it can do it without me. Well played market, get me to finally cover my shorts the DAY of the very top, and here we are about to crash and I am content on sitting out.

Assuming the market doesn't spiral down, this next leg up I'll ride the gold miners, and consider reshorting in the future. Good luck.

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