Monday, January 4, 2010

January 4th, 2010

Happy New Year!

Is this the beginning of the next rally?

The spot gold shot up. It seems like GLD had a strong support at 105 to 106 area.
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4 comments:

  1. gcl106January 4, 2010 at 11:29 AM

    I am double down my position on SPXU at 34.67

    ReplyDelete
  2. BASJanuary 4, 2010 at 12:35 PM

    I've got 113.2867 as Resistance 2 on SPY.

    we've been near that since the b/o.

    very glad i ditch last thursday.

    I see we are riding the upper trend line now. complete reversal from thursday.

    parinl

    ReplyDelete
  3. gcl106January 4, 2010 at 1:35 PM

    I believe this is a short squeeze. The people who shorted last Thursday got squeezed. All I am saying that QQQQ will retest 45 again.

    ReplyDelete
  4. BASJanuary 4, 2010 at 2:48 PM

    i'm liking the histogram bar on spy is still smaller than the previous towers.

    i'm in at 34.50 on spxu.

    nidgeas

    ReplyDelete

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