Thursday, July 1, 2010

Fear and Leverage

Nothing has changed but fear and leverage will make appear that it has.

When the black boxes, chasing strength and selling weakness, all try to squeeze through a tiny exit door, the chart (short-term technical analysis) quickly crumbles.

Click to Animate:


There's very good support at the 12/04/09 gap, but I doubt the black boxes are programmed to notice it.

Paper Gold:

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