Tuesday, April 7, 2009

Gold Low

Below is a six month chart of the GLD etf. Gold appears to have completed an ABC low from the February top. The point C low is a 50% retracement of the move up from November. This can be traded using GLD or DGP etf's for a move up toward the February top from here.


Stocks

US stocks look like they may be making a top by mid April.