Friday, February 5, 2010

Have had a good long look at the Nasdaq 100 over the last few days, we are currently trading at 1730 and it seems to me there is no support now until we hit 1661 which could well happen today or on Monday. Also looked at Gold which is certainly in the bear phase of it's cycle. I expect it will go down as far as $800 an ounce on this run. If you look at a chart of Gold you will note that this is at the area of a major trendline drawn up from 2006.

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