The day did not do too much for GLD but I like what it did. I am expecting a long candle tomorrow to the upside. I see this pattern typically on the short term charts.
Looking for a touch of the upper bollinger band at around 155.
20130311154328.png)
Monday, March 11, 2013
Rally in GLD - update 311
In a previous post [here], I talked about a potential rally in GLD (at least short term if not long term). I bought some 153 strike calls today expiring on March 28th. Let's see how it goes!
The day did not do too much for GLD but I like what it did. I am expecting a long candle tomorrow to the upside. I see this pattern typically on the short term charts.
Looking for a touch of the upper bollinger band at around 155.
20130311154328.png)
The day did not do too much for GLD but I like what it did. I am expecting a long candle tomorrow to the upside. I see this pattern typically on the short term charts.
Looking for a touch of the upper bollinger band at around 155.
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