The means and strategy for generating consistent trading profits in ever changing markets. Rules based trading explained. Take advantage of the most sophisticated price trend filtering service previously not available to general public. Take emotion out your trading. Eliminate guess work.

Many "tried and untrue" trading myths explained and dispelled.

November 8, 2006

All right. We had a very nice upside move for the gold, for about $50 or around 8%. Not bad for starters. Exactly as was stated on October 23 2006. What is next?

Today was a very important day for the gold. The first real sell off and profit taking session in 2 weeks. Had our pull back. There clearly are still many gold bears left, that is very good indeed for the net longs. Simply put, when "everyone is a bull", than its time to get out. ( Just as its that time for US equities right around now).

There still remains some near term downside potential for gold for another $10 or so, and that should complete the correction leg of the upside move. Next target? Around $646 followed by $670. Theories are fun and nice, so lets see what actually happens.

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