Itas Taka

lol,, looks good, but to be really be convincing, it needs to push past then hold above 4400 !

 , I think we are talking of same thing, but saying different ! increase vs total ! I am hoping zero 'increase' and that may shake everyone into how close recession is ! , I think we are talking of same thing, but saying different ! increase vs total ! I am hoping zero 'increase' and that may shake everyone into how close recession is !

wise move, oil may be in for rough swings for next 48 hours

Quad Witching day is not only volatile but is also known to occasionally reverse the market trend ! IMO, it's coming at the time when market seemed to have priced in all the bad news ! Also, potential double bottom in daily, resistance turning support during the day, and 20% market correction already, give preliminary hints of market conditions may be turning around ! Currently, prices are still below long term down trend line but we may see some light for consolidation and start of up trend

lol

 ,, market expectation is 50 points ! It's 25 that would a shaker ,, market expectation is 50 points ! It's 25 that would a shaker

Dealers on wrong side of trade trying to beat options expiry ? That is one time traders get per' ver' ted pleasure watching dealers squirm

 ,, np, I think i'll hold till market close ! thx ,, np, I think i'll hold till market close ! thx

The main constraint being,,, I  cannot hold beyond today

Hey Van,,, Hold for 89 or cover now?

 ,, correct, .. market has priced in 50 points but will it be 25 or 50 points ? If it turns out to be 25 then fundamentals be darmed ,, most option dealers will be running like headless chicken for next 36 hours, to beat options expiry trap ,, correct, .. market has priced in 50 points but will it be 25 or 50 points ? If it turns out to be 25 then fundamentals be darmed ,, most option dealers will be running like headless chicken for next 36 hours, to beat options expiry trap

F%&K ! Lag is messing up page refresh

witching Quad testting testing... helllooooo

cashed more at 94 ! remaining can wait for 89

cashed more at 94 !  remaining shorts can wait for 89 ! hopefully this momentum carries cause I want to be out before Quad Witching day

95 hit ! Time to cash out some of the shorts

Beware !!  Quad Witching day of 18th March is near and weak of heart may want to duck and cover

1940 milestone hit on schedule ! While momentum is still sharply down, 20DEMA may give just enough support for some consolidation and relief from downslide ! If Feds rate increase is over 25 points gold may take another hit

The chart's not looking good (daily) ! The fall in volume with fall in price (4hrs), lower highs with lower lows (1hr), speed of conversion of support into resistance (4hrs) followed by unable to break above previous support , fizzy H&S, triangle, etc !  The big boys may be jumping in at this time but unless they pull off a rabbit, sitting in shorts drinking beer

Read my last comment of friday before market close ! I am glad, i went with my gut and didn't listen to majority of people here ;)

Yep,,, Descending triangle it is !  And it looks like it's about to break too !

Ignoring H&S for the moment, Is it bearish descending triangle or bullish descending wedge ? To be or not to be ! In 4 hrs chart, to me, it does look like descending triangle but almost no one here thinks same ! Hope it clears before market close

Anyone here plan to hold shorts over the weekend? give thumbs up if yes

FED interest rate increase is almost on us ! So, Gold may be more bearish than bullish for some time now ! 1940 or even lower could be my target for next week, if JPM (criminal) gold desk gets fully staffed by this time

Blow off started with heavy buying at 90 ! So normal expectation of floor, everything else remaining same, may be about 95