Friday, November 27, 2009

Futures WOW

I didn't realize the futures were down as much as 40 points and 400 DOW points. Need to take note of those points

I love saying BINGO

Notice what happened to GOLD hit the C point of our charts and bang that was it. Yes we had the news hit overnight with Dubai but let me reiterate this news doesn't not make technicals and it would have played out that way anyways.
Now lets see what happens to this gap down remember it is a half day and it seems we have already touched some important levels I had marked down on the lower end.

Today is usually an non event day so don't really expect much to really manifest itself with the Dubai news but it just shows you the world is still a fragile place.

MARKETJEDI