Stocks Head Lower
Today was an awful day for stocks as many major indices and groups headed lower.
Above is a chart of the Q's which I am long. I marked off the support zone which coincides with previous lows and the 200 day moving average. If the Q's post 2 closes below this support area, I will exit my long trade at a loss.
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_4.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_4.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)
2 comments:
Kevin,
Your 10 month cycle for USD/CAD has come. Does it still work or financial situation has changed? Thanks in adcance!
Hi KK,
Yes, the 10 month cycle low is due now....the only problem I have with buying the canadian dollar right now is that the last move up was at a very steep angle so I am a little cautious about buying this pullback...I'll post a chart of the cycle either today or tomorrow...Thanks for reading.
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