starting it off with MU

Look at the end of bearish correction, Al. It ended at 7:03 EST (so far in line with typical behaviour pattern) - I hope that the move down will accelerate on American open, but the fact that very good GDP reading didn't produce a decisive drop makes me wonder...

One more info for you guys.
Although I trade FX spot, I am using charting platform with CME futures data. Till the third/second week of December it will be still 6B Z7 contract. What I notice is that Al uses spot market charts, which is absolutely fine, but you have to keep in mind that 6B Z7 is being traded about 17-18 pips above spot.

They sent in up to 1.3140. Serious move down now or just a reaction?

Marcin,

Thanks for the info.

Al

Originally posted by MarcinO

One more info for you guys.
Although I trade FX spot, I am using charting platform with CME futures data. Till the third/second week of December it will be still 6B Z7 contract. What I notice is that Al uses spot market charts, which is absolutely fine, but you have to keep in mind that 6B Z7 is being traded about 17-18 pips above spot.

gld 119.78 - 123.97 = .886 at 120.26. Kind of make or break for the primary count up:

rat,

Tom Browley at StockCharts.com wrote an article:

http://stockcharts.com/articles/dont_ignore_this_chart/2017/10/gold-miners-lose-price-support-on-heavy-volume.html

that touches on the losing support for miners while the dollar, UUP, is up.

Al

Cable (6B Z7) may be done here. Time for another leg down?

Wrong. Another move up.