Monday, May 3, 2010

May 3rd, 2010

The spot gold broke the inverse head and shoulder pattern. It is about to go much higher from here.

The U.S. market is about to break down. Lots of big company stocks are already down huge such as GOOG, GS, CLF, and X.

The futures are in the green right now. All I want is the market to close lower than its opened.

The VIX is about to go much higher from here. It had a strong support at 18.

Guys, there is something wrong with the site. I can't seem to put any comments after my first blog for today.

I will add my comments here.

Today action resemble CLF action on April 28. You do know what happened the next day for CLF. Watch for the market follow the CLF pattern.

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