Wednesday, April 9, 2008

daily comment

Unfortunately I can't annotate charts on my friends computer. A couple of quick comments. The dollar appears to be on the verge of or is breaking down out of the triangle. The S&P broke below support today and the XAU has extended it's gains after completing the 1-2-3 reversal. How about oil? The COT has been suggesting this was coming.

Subscribers should understand all the above. Hopefully I'll be up and running again tomorrow afternoon.