Thursday, August 25, 2011

25 Aug 2011

 This slowed and hold long is around 55% today.
Hold short decreased today slightly.

I don't have any clue about what will happen tomorrow.  I do know a few things:  my short term indicator has slowed and seemingly peaked out.  Maybe it will head negative again.  GDX held my support of 60 so far.  Gold sell off could have come in time for a large announcement to give some cushion to prevent it reaching 2000.  Looks somewhat like indexes want to challenge lows.  Considering how oversold a lot of stuff is, I would be surprised if they broke substantially lower than that.

Best of luck.

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