Gold, Oil & Indices (Equity & Bond Indices)

rrose
in a coorective mode u cant have this configuration except if it's part of a complex corrective pattern
incorrect counting even if it will give a short term down trend on 5min chart

sell gold now

Renewed economic uncertainty is testing Americans generation-long love affair with the stock market.

Investors withdrew a staggering $33.12 billion from domestic stock market mutual funds in the first seven months of this year, according to the Investment Company Institute, the mutual fund industry trade group. Now many are choosing investments they deem safer, like bonds.

If that pace continues, more money will be pulled out of these mutual funds in 2010 than in any year since the 1980s, with the exception of 2008, when the global financial crisis peaked.

Small investors are losing their appetite for risk, a Credit Suisse analyst, Doug Cliggott, said in a report to investors on Friday. http://www.msnbc.msn.com/id/38803088/ns/world_news-the_new_york_times/

Risk on/risk off not likely to fade away


HSBC's research, which looked at correlation between a range of financial instruments over the last two decades, found that high correlations have tended to accompany high levels of volatility and vice versa. But correlations have remained high in recent months even as volatility declined, suggesting that a structural change is taking place in the markets, they said.

In fact, correlations are the strongest they have been at any time over the past 20 years, according to HSBC. And a "correlation index" put together by the researchers shows a clear upward trend over that period. http://www.marketwatch.com/story/risk-driven-trade-shows-no-signs-of-fading-2010-08-20

excellent lucky.
u should short some EP