90 bars hit at 11:30 - the dow was off 88,
Isnt it funny how IRAN news comes out just as the 90 bar cycle takes effect.
the NASDAQ off only 9
NDX off 6
Neither one matched the depth of the dow low.
The next important time zone should be 2:32 where there is a lunar urnaus sextile
and there is nothing now to stop the close from a full recovery.
PC ratios still indicating pessimism to keep this afloat
But the trading atmosphere should show some more severe changes tomorrow with NO recovery
at the end of the day.
Carl and Ethan both indicating a short term top on gold, and I agree.
SOLD all my gold mining shares today, and will look to buy them back around May4th.
Gold should settle back to the 550 level, but thats only a guess based on what ive read from other analysts.
Jay
1 comment:
Hi Jay,
when you talk about so many bars etc, can you give a definition of what ONE bar represents in terms of time or price?
many thanks, gis
P.S. Does one bar represent 5 minutes in time?
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