Friday, January 27, 2012

The Song Remains the Same

Hi Folks,I am still NOT bearish on the market. I am still in the camp that you buy dips here. We are well above the moving averages and eventually they have to pull back a bit but for now, the moving averages are still trnding higher. No flattening yet. As for GOLD, it has gotten ahead of itself here. I expect a consolidation here even a minor pullback. I expect the dollar to get below 79 before another push higher on the DXY.Thanks and good trading!Tim

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