Tuesday, January 13, 2009

Gold bugs, death or glory?


I have no bias towards gold. To have bias in trading can be a VERY bad thing. Taking a directional trade can sometimes be seen as a bias, but it is not. I've put ABX on watch today. It closed up with decent volume. If this rally is met with heavy resistance and breaks below the recent low (redline on chart) I will enter a short position.

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