Stock Ideas for Swing Trading
It’s The Eighty
14 August 2008
We think the 80 week exponential moving average is valid to identify support for gold as 2004 identified that as a support pivot. After the recent pounding gold has taken and the high anxiety gold investors have been feeling as of late, we thought it important to have a clear cut line in the sand for those who are concerned about gold entering a bear market.
Now, if gold does turn around and take the 80 week EMA out to the downside, one would have to consider an appropriate course of action. But until that time, we aggressively buy support.
This weekend’s Thirdeyeopentrades newsletter will be evaluating the sector. If you have yet to evaluate a paid subscription, simply e-mail a request and we’ll send you this weekend’s to review at no charge. Tell us Gold-Eagle sent you and we’ll offer a special rate thru Labor Day 2008.
http://tinyurl.com/6g67v4 (link to live chart)
Thirdeyeopentrades wishes you Health, Wealth, Wisdom and Happiness!
Thirdeyeopentrades is not a registered financial advisory service and is not a broker dealer. We do not and cannot give individualized market advice. The information in the newsletter is only intended for informational and educational purposes. It should not be considered a solicitation of an offer or sale of any security. The reader assumes all risk when trading in securities and Thirdeyeopentrades advises consulting a licensed professional financial advisor before proceeding with any trade or idea presented in this newsletter. Thirdeyeopentrades may take a position and sell a position in any security mentioned in this newsletter. We share our ideas and opinions for informational and educational purposes only and expect the reader to perform due diligence before considering taking a position in any security. That includes consulting with your own licensed professional financial advisor.
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