RIMM, BRCM, X are turning the corner.Likely the market will go back from here.
After looking at VIX, the VIX could possibly go back down to 18 to 19 range. It means that the market could go back up from here.The gold stocks and spot gold are looking nice right now.
On Monday I mentioned that the market to bounce off the low from last Friday, the market needs to make 3 out of 5 day closing in white bar.Monday was a black bar.Tuesday was a neutral bar.Wednesday was a neutral bar.Thursday is a white bar???So if tomorrow the market closes in white bar, the market will continue to go up.Gold stocks turned the corner. Watch for GLD to hit 109.50 to 110.00.
BIDU 5/27/10 70.25
RIMM, BRCM, X are turning the corner.
ReplyDeleteLikely the market will go back from here.
After looking at VIX, the VIX could possibly go back down to 18 to 19 range. It means that the market could go back up from here.
ReplyDeleteThe gold stocks and spot gold are looking nice right now.
On Monday I mentioned that the market to bounce off the low from last Friday, the market needs to make 3 out of 5 day closing in white bar.
ReplyDeleteMonday was a black bar.
Tuesday was a neutral bar.
Wednesday was a neutral bar.
Thursday is a white bar???
So if tomorrow the market closes in white bar, the market will continue to go up.
Gold stocks turned the corner. Watch for GLD to hit 109.50 to 110.00.