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Commodity Trading Discussion Forum

Re: buy signal for metals, Euro-sell Dollar/Ronbo *PIC*

Posted By: Trades
Date: Tuesday, 23 June 2009, at 9:09 p.m.

In Response To: Re: buy signal for metals, Euro-sell Dollar/Trades (Ronbo)

That's good to hear. There is no point in fighting with a spouse. Best for both to walk away and start paying attention to the present moment and appreciate life with gratitude and be happy instead. No one is right or wrong it just simply didn't work. But here is GC. It did break its uptrendline but I am still watching that short downtrendline like a hawk. Unfortunately being fussy I would need price to breakout over that downtrendline PLUS take out price resistance at $940 to be convinced. It will only happen if DX is finished its dead cat bounce. Was and still am hoping for a run to its downtrendline to get a real bargain on a variety of markets. Many strikes against this with the very weak Modified MACD and RSI 21 coming back up to its 50 line resistance and then rolling back down. Plus the 50ema cross below the 200ema. Plus the identical 10.5 month rally just like in 2005 with very weak technicals on the double top. And the very bearish seasonals and bullish seasonals for EC from mid June to mid July. But reaching the RSI 21 30 level on DX with so many traders around the world on the short side of the dollar with all the commodity trades etc guaranteed a rally of some sort. DX has rallied 38.2% the last 3wks so perhaps that's it. This week will tell the tale. I'm only watching a very few things so shouldn't miss anything. Oops, forgot I have a very long dentist appointment Thursday,damn. That's when it will happen,lol.

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