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Setting up to go short


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#21 stockbucks_coffee

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Posted 11 February 2004 - 03:38 PM

typo... should be your signals may be lagging...getting confirmations... I got in over a week ago when it was already oversold...it's [NOW] getting s/t [OVERBOUGHT] not your signals may be lagging...getting confirmations... I got in over a week ago when it was already oversold...it's getting s/t oversold

#22 teki

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Posted 11 February 2004 - 03:54 PM

I'm keeping a close eye on how the XAU responds to the open gap around 105 (also the .618 fib retracement of last big decline). Staying flat for the moment, but very tempting to get back in long here with the dollar falling hard again today below the last st low.

#23 Regent

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Posted 11 February 2004 - 04:47 PM

Thanx Starbucks, but I am more of an intermediate trader. There may be short term swings (Tim Ord thinks it may vaccilate between 93 and 103), but I'd rather get in now than miss the entire train towards 150+. :lol:
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