Friday, March 23, 2007

ETF Update for Monday March 26

GLD, Streettracks Gold index, did pullback to moving average support around 65. Looking for a long trigger on the 60 min. chart to go long.

The 60 min. chart of GLD shows the pullback. A move up through the downtrend line around 65.90 would have the moving averages turned up and would be a good entry point.
Most all index ETF's are extended on the long side, I am waiting for pullbacks for entries. I will post them here when or if that does happen.

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