Thursday, December 29, 2011

falling:

/gc --  morning -  in freefall   down  30/oz.      /gc finally crashes to 1525 --  nice round area of support and bounces  10 pts.  --  safe to enter on downtrend break near 1528 for   5 or 6 pts.

 When trend is strongly down --   wait for washout  -- drop to 1525 was huge candle.   Exact bottom at 1525 good clue there's too much demand / covering and may see bounce.

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