Tuesday, February 26, 2013

Tuesday morning

Gator's Chart of the Day: GLD
Gold appears to have found some support and the GLD shows that at 151.  You can see the high volume sell off Wednesday that has been followed by 3 up days.  I don't like buying on the 3rd day and I sure don't like it on the 4th so I will watch.  I hope to see a test of that recent low and maybe I can enter on a bounce.  If not then I will probably miss the move back to test the gap at 156.60.