Monday, November 09, 2009

Price and Time

Nothing to see here really, move along.. they've managed to gap up once again on low volume to avoid critical points of resistance and scare the living daylights out of the shorts yet again. So now we're dealing with just two elements- price and time. The question is which one will be the victor this week? Most of us have certain cycle targets in mind relating to the time factor, so it's not time to get nervous just yet, IMO. Just a pair of charts to share, as we've all posted a jillion charts already and know what we're facing in both directions. If you're getting battle fatigue with this game, don't hesitate to take yourself out and away until you can better focus on your trades, as this has been one rough tape as it moves like a car with a bad transmission.

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