Wednesday, January 16, 2008

Charts Of Interest



OIH testing support on big volume.




Nikkei breaks below the 2006 low.



Above is a chart of the four major currencies. Over the past few months the Japanese Yen has been the strongest currency while the British pound has been the weakest.



Above is a chart of GLD. As you can see gold has been hit hard over the past few days on big volume. Some of you questioned me when I exited my long position last week but now you can see why I sold my longs into the up move. If you remember I posted a chart about a week ago which warned of a top any day now. Maybe that top is in... we'll see....I have no position in gold at the moment.

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