Friday, 15 April 2016

Trend Wizard Timing Tool Indicating Overbought

   Trend Wizard Timing Tool Is Indicating Overbought but there's no crossover yet. The biggest question right now is, "Do I short this market". Well... you can...but it may be a bit early by a couple of days. I'm looking at gold, silver, oil and the general market... it's all over the place. Gold looks good but a little frothy in the short term depending on where you live (your base currency). I was reading Martin Armstrong's post this morning Europeans – Get Out While you Can? He makes a lot of sense and the thing is he's usually correct. He mentioned something in his article about Gold that holds true to me...  "Gold will rise but it is not yet ready for prime time. Be patient."
   Those words of wisdom hold true for everything, but when opportunity knocks, the decision needs to be made instantly.

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