Wednesday, October 1, 2008

Oil retreat, Gold up - what does this mean?

Yesterday's rally for Oil and Gold pullback is a SUCKER, don't be fooled too early.

If you go long or short you are not gong to gain much, trust me on this.

This morning Oil retreated by 2 and Gold is back up by a little. My instincts tell me VIX is not going to subside so soon.

As planned, I try to refrain from getting into any trades today....unless I see some improvements

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