Monday, May 4, 2009

Gold Better Fall ASAP if count is to Remain Valid; May 4, 2009

Gold rallied sharply today which is the exact opposite of what should occur if wave 3 at multiple degrees is unfolding. Gold should not go above $920 and should actually selloff sharply this week for this count to remain valid. My hard stop is at $950 but if I see another strong day tomorrow above $920 I'll most likely exit most or all my short gold position.

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