Tuesday, October 6, 2009
FUN's fun, so here it comes
Mr.NASTY is at it again. The middle panel, CCI shows MR.NASTY coasting down into an oversold area as of yesterday. OH well we just HAD to rally, to accomodate that oversold level of cumulative advances and declines. So this is still a correction, but now its going a couple steps [ days ] at a time and then doing a pressure relief rally. OK, we can do that. Put your stops where you need them, make sure they raise cash for you, if a trend, short or intermediate turns around on you like a snake. There will be ample places to put that cash to work, at the right time.
In a nutshell, both those the drive liquidity and those seeing incipient signs of a recovery are driving this rally. Liquidity and inflation concerns are driving gold.
In the next post I will be a small spot you could look at if the cash needs a home, a small amount.