Markets. Business. Life. by LoneRngr (screen name) is licensed under a Creative Commons Attribution 2.5 Canada License. Based on a work at marketsbusinesslife.blogspot.com.Permissions beyond the scope of this license may be available at http://marketsbusinesslife.blogspot.com/.
Friday, September 10, 2010
Feels like '02 again
Interesting look at the charts this morning. the tsx venture exchange has had a good move lately but appears to be hitting resistance. much like end of '02 as the recovery took hold but people didn't believe and fear was still rampant. markets later broke out and staged the big '04 move after treading water for awhile. i think we could see something similar here. strong resistance on the gold charts for HUI and GDX, maybe we stay at these levels or below for awhile. US markets are at a crucial juncture as Dow and S&P are sitting right at the 200d; could go either way. GMP also in a nice wedge pattern, looks like it wants to move higher but everything depends on the next few weeks!
Markets. Business. Life. by LoneRngr (screen name) is licensed under a Creative Commons Attribution 2.5 Canada License. Based on a work at marketsbusinesslife.blogspot.com.Permissions beyond the scope of this license may be available at http://marketsbusinesslife.blogspot.com/.
Markets. Business. Life. by LoneRngr (screen name) is licensed under a Creative Commons Attribution 2.5 Canada License. Based on a work at marketsbusinesslife.blogspot.com.Permissions beyond the scope of this license may be available at http://marketsbusinesslife.blogspot.com/.
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