limits

Dear Readers today's Limits
QQQQ 42.78(almost hit,partial profits now) - 43.72
GLD 65.69 - 66.83
DIA 121.65 - 123.58
GG 26.00 - 27.41
Good Trading

Off The Chart

Dear Readers, see the buy pressure out of sight and sell pressure in the basement, there is first time for everything. OK those that are short in this market can try and collect at the bottom of today's "limit" range ( posts later) or just tail the stop above those points if attempting to retain the short positions. This decline may be short lived as there is a possibility of new top in Apr/June period. Gold may look for a bottom around 5/6 March. Currencies as well. Ditto energies. Longer term picture calls for GOLD higher into end of March, less so with silver and energies. Currencies higher also into the April and JPY stronger than anything else. I am not at very bullish on GOLD/ENERGY stocks. Just the "real thing". Good Trading

Euro Currencies 2% Vulnerable

Dear Readers, Please note that EURO/BP/SF etc currencies survived yesterday, but they will respond to GOLD being down by their own 1.5-2.5% decline before moving up again. JPY may also decline same magnitude before restarting the gains on all major currencies.
Good Trading

Limits

Dear Readers Limits for today
QQQQ 43.78 - 44.68
GLD 66.72 - 67.62
USO 49.71 - 50.62
GG 27.20 - 28.33
Good Trading

No Yen To Fight

Please read yesterdays update, still in force.
How about them Currencies,
Gold indeed getting hit.
Just reread the that update. Still good
No YEN TO FIGHT. The Rising Sun OF YEN send all the "smart" investors to covers like
a chiken without a head. These people are so smart that they could not even smell coming YEN rise ( see our statments about currencies , past couple updates ). Yes, virginia there are traders and there are 30 something "chiken littles" who think thay know markets or how trade them. Perhaps you should also read my Savehaven.com article " China Stops Here"... Please do not get carried away, the sell pressure is diminished and market can stage another "hooker" high into Apri/May period. We must make sure that market does/can not recover here any more than 61.8% of the decline at any time in this decline.
Good Trading

TA100 and Shekel

Dear Readers, TA100 index has crossed 1000 and now heading down. Last year our limit for TA100 was 940 and market has struggled with it for 3 months, finally in the new year the range was broken on the upside and new projection is now 1020-1050 and 1100 by April/May 2007 top. Shekel will probably break the 4.0 level and end up at or below 3.78 by the end of this year, but initial top will come before June and it could may only be 4.10 ( our last years bottom forecast). Good Trading

Limits

Dear Readers. Limits for Today
QQQQ 45.02 - 45.75
GLD 67.75 - 68.39
USO 49.97 - 51.42
GG 28.47 - 29.13
GOod Trading