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Message: Aden's Wed.night update

Aden's Wed.night update

posted on Jan 28, 2010 11:41AM

Below are some of the main points that I took from their Wed. update:

* Gold's C rise is over which means a D decline is now underway as long as gold stays below $1110. Tell their readers that while they like the long term trend for gold/silver, may want to sell part of their positions or they also recommend keeping them due to major trends but don't buy any new ones yet.

* Resource sector also coming down (e.g., oil) but keep your positions but don't buy new ones

* As to interest rates, best to stand aside and not trade based on those in this market

* While stock market fell hard the major trend is still up so hold but don't buy yet

* Currencies show the major trend up with Australia and Canada holding up best but don't buy any new ones yet.

Hope this helps us as we try to figure out the tea leaves. Hey whip lady.....where are you have not heard a thing out of you in quite some time?

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