I analyze macroeconomic issues from a fundamental perspective, and I analyze market behavior from a technical perspective. Original macroeconomic analysis can be found here and both macro analysis and commentary can be found on my Caps blog. If you like or appreciate my analysis, please add yourself to my Following List

Thursday, November 18, 2010

Back up

Well the impulsive count down possibility that I showed the last 2 days is gone. So we have a 7 wave move down (== corrective) from the top with a sharp reversal. But based on some MA crosses on the 60 min chart (and the fact that it bounced off the 50 day MA [almost], and retraced back up to the 20 day MA) leads me to believe that the correction down is not over yet.

Update on Gold Count

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