"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, November 9, 2009

Going to fight the pig a bit longer...

Recall this post from last Thursday and the baby inverted H&S? Well, G-20 pumped it up to target. Also, check out the chart at left of Chinese etf FXI. Is this exhaustion or will this time be different?

Don't get me wrong, I have no intention of playing hero. But the parameters are stretched but not yet broken.