Tuesday, December 22, 2009

GLD trade

GLD 15 minute

As illustrated above, the bounce in GLD provided an EXIT for the previously taken Short, leaving the me flat, awaiting the next Short trigger.  I've taken a few long scalps in individual stocks, but fully expect to be on the short side of this market once my indicators align again.

1 comment:

Anonymous said...

Hi Allan,

Just wondering if you have a downside target for GLD? Also do you have a time frame for which that target will be reached? TIA