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Discussion in 'Metal Futures' started by Rtrader2525, Feb 20, 2008.

  1. thoughts comments? no chartist but a bull flag above the 915 level? sorry im an idiot and i cant post charts but any input thoughts??
     
  2. Shagi

    Shagi

    Not sure what a bull flag is but thats an area of demand. Im not in the trade though. Good luck:)
     
  3. It appears to be a "wedge" that was traced out during the past few weeks. $999.90/ounce may be a good place to sell out "longs" and initiate short-sales. That way, you can draw a "line in the sand" before the market can trade at $1000/ounce. We'll see.
     
  4. Shagi

    Shagi

    You have nailed it Daddy. Im also of the opinion that some strong invisible hand is vigoruosly supporting the dollar. Agressive rate cuts and then dollar rallies its amazing. I wonder when and if they will give up propping it up.

    Remember also the asian banks/cartels hold the largest dollar reserevs would not want to see their welath evaporate so its a formidable opponent, but some one will soon be shaken out, the dollar range is as small as it will get. - look out:cool:
     
  5. 74.11 I believe is the low print on the bear flag..

    lotsa air below that
     
  6. Shagi

    Shagi

    Yeh its getting hammered