Tuesday, February 3, 2009

Yesterday the Bear seemed in charge.  "Where were the Bulls?"  They were back today!  The outcome is unknown at this time.  The 30m. Chart looks like a new Bull Potato.  It has not been fully confirmed on the 60m. Chart.  "Jump the Gun" positions can be taken but at some risk.
10D, 30m.- Feb. 3 - A very decidedly bullish move occurred late in the session with more positive internals.  Note the Gold Spot.  All of this looks very positive for a continuation of upward movement but (big but) it has not yet been fully confirmed on the 60 minute chart.
20D, Hourly - Feb. 3 - Confirmation is close but not quite yet.  There was bullish activity today but there was a lack of momentum and "conviction" in the move.  I would be cautious.
6M, Hourly - Feb. 3 - Long term chart which always needs to be kept in mind.  "Bearish."
2D, 5m. - Feb. 3 - "JA" play of the day.  Ck the Gold Spots.  With courage you might have done well.