Indices, Gold, and Dollar Update (12 Aug 2010)
The Market is doing what its suppose to. This pattern can be brutal, especially in the way down. The markets emotions are higher on the way down, so expect for this pattern to be complete in about two weeks or so. As far as Gold and Dollar, they are the only sectors that have a bullish outlook from my perspective. Gold also got Goldman Sacks blessing to go higher. So be ready for the volatility and the drama.
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