![001 001](http://lh6.ggpht.com/_3yZMBZVLOQw/SyrfXBGHn4I/AAAAAAAAB_U/WOielDA64KE/001_thumb%5B3%5D.jpg?imgmax=800)
Gold, why is that people will kill for gold? Oh – because they can sell it and there is no serial number on [most of] it? Got it, thanks, same old story – money.
Gold (GLD), (/YG) has been a huge winning trade for some here, we spotted it dead on – date and time.
You remember that chart with “weird” interval= 3 days. As for me – whatever gets the job done. Setup Sell 9, Fib Time Series off my “secret anchor point” (not much secret if you see that chart shall I say.
Since we had a hit with 3 days, it makes sense to use it for finding ultimate support and, as you can see on that chart – gray rectangle area is a risk zone of prior sell setup, I just cannot pass on it because coincidentally it is a top of consolidation area, cup&handle, rounded bottom – call it anything you’d like – I think it will provide some cushion least to say. Within that gray area resides current TDST Support as well – around 1034.50.HOW? LOW? WILL? IT? GO?
![2009-12-17_2035 2009-12-17_2035](http://lh5.ggpht.com/_3yZMBZVLOQw/SyrfYHLairI/AAAAAAAAB_c/fvAnazJH0pY/2009-12-17_2035_thumb.png?imgmax=800)
Next chart up is daily one – surgical precision is the word [on the way it worked out].
Fib 162% off the bottom/top of the base spotted short entry price, Fib Time Series (damn – I am disclosing my trade secrets here!!!) off last known TO WORK TDSequential spotted top, exact top – was really hard to believe.
But… today first TDST Support was hit, 1100.50 AND Fib level 127% as well, so I think that we might expect some retrace, may be to 1125 area…UNLESS it will break down hard tomorrow and so far it does not look likely.
![2009-12-17_2043 2009-12-17_2043](http://lh6.ggpht.com/_3yZMBZVLOQw/SyrfaJRjfsI/AAAAAAAAB_k/R_aIr_dgHu4/2009-12-17_2043_thumb.png?imgmax=800)
P.S. If, as many of you do, you are bloggers yourselves, you know that the biggest joy for blogger is to see new people coming to their blogs – SPREAD THE WORD :-)
12/18/2009
Futures approx. BO
Daily Range Projections
Low
High
/ES
1085
1100.75
SPX
1090.74
1101.22
/NQ
1780
1808.25
NDX
1768.82
1786.53
/DX
77.700
78.686