"I am one of those who do not believe the national debt is a national blessing...it is calculated to raise around the administration a moneyed aristocracy dangerous to the liberties of the country." —Andrew Jackson, letter, April 26, 1824
Wednesday, November 18, 2009
Dollar. Gold And The Minis Tonight
DXY ramping up? Pink trendline is the LT market top line. I think it may be headed to the green or blue lines and the possible descending triangle stays in tact. That gray box is a gap.
/YG gold futures - Little gap down action? Gold gaps up as can be seen, but gaps down (gray box) these days are rare. I've been mentioning about a possible NT top in gold for a few days esp this am. This is yet to be seen, but just something to keep an eye on.
/ES 60m - challenging the lower trendline of the rising LT ED.


