Thursday, July 1, 2010

Patience.....


You can see now we have made lower low hourly. That sets up the rest of the day with 1010.25 the high of low hour. we are now 1 hour after ism data. The economy has slowed just a bit that is so normal. After 12est we should have legs under us. You must asked yourself why is gold falling apart. Keep your head together this isn't the end of the world.

Bonds are not blowing out to the up side either. The 56 ism number is not a bad number. Housing sales are weak but it's a slow work out. Mortgage rates are the best ever. Inflation is not the threat here.

I love the lower low in hourly chart now a bit deeper than I thought but I have no issue here.

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