Dear Readers , we are now in a low pressure environment, both by and sell pressures are low, which favors the average pressure views, which indicates that we are in the bottoming phase and it will not end until the buy pressure gage has reached another "extreme high" position ( washout phase). So, on and off let us watch the bottoming play out into the end of March, early April period. Gold will bottom out faster as stated and that could be in place or will come in place until Friday 3/16. YEN is still the king and will be dictating what is going on. When Yen starts a slower and deliberate move up into May the markets could respond by calming down. What scared the "carry-trade" is the fast moves in YEN. Good Trading
No comments:
Post a Comment