Stock index rally fails and stocks close lower, Gold up sharply
Posted in Gold, QQQQ, Daily Comment on Feb 19th, 2008
The gold market was up sharply today. In previous posts I mention the formation of another triangle, as can be seen by the yellow lines. I also mentioned that it looked like momentum was turning down. With my bearish gut feel, due to extreme bullish sentiment, and momentum oscillators looking like they were starting to […]