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Message: BIG declining triangle today

BIG declining triangle today

posted on Oct 08, 2008 08:33AM

Anyone else see the big declining triangle forming in the DOW today? Looks like support is at 9250. When that breaks, downside target for today is 8850. Goodness.

XAU/GDX/HUI are holding up quite well. Stone, we may finally see that divergence between the gold stocks and the DOW you were talking about. If so, the double-bottom I was talking about on the weekly gold index charts looks to have held.

Not celebrating yet, but starting to think about what type of champaigne I will be having soon...

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