Saturday, August 16, 2008

Sachs of Gold, Man.

~159 is the 200MA on the weekly. Now at 163, or later should it fall some more, is a good buy. It will have trouble going through the 159 level for any length of time; it has not closed below it for a long time. There will be some bounce too, as the daily stochastic is bottoming, and the weekly is below the mid-level.

No comments: