Tuesday, May 25, 2010

Today..and the next few days...

Ok, here it is.  It's self explanatory, I hope.  I got damaged a bit today, was not fun.  There are some pretty clear entries and exits here with stops above/below some key areas.  Will see how things are looking in the AM, stickin to the plan that executes on one of these options.  Most are calling for a rally into the 1120 area, at minimum.


Gold is looking somewhat fugly here.  It's what has kept me guessing...it looks like it's got a huge bearish wedge to me.  This channel may run for a bit, could close the gap just a tad higher @ 1215-1217.  If this is a bearish wedge, the target is lower, 1084-ish.







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