EUR

yep ok understood and if we are not careful we can start looking at too many things and get distracted away from the trade plan rules. I just like to look for supportive or contrary information when a trade is stalling :-) FOMC today is confusing factor.

Dave..your correlation chart is like evaluating the casino books, whereas, I am at the blackjack table :))

1st rum

DaveO, read this and then rethink your gold call:

Rydex mutual fund traders have heeded some pundits' suggestions to pare holdings of Gold, with their assets in that fund dropping by more than 40% over the past few weeks. If history is any guide there, the metal shouldn't be subject to much more of a decline before a rally attempt.

While Gold has corrected over the past few weeks, we've seen a number of prominent market forecasters suggest the metal is due for even more of a pullback.

That has apparently had an impact on traders in the Rydex family of mutual funds, who have cut their Precious Metals holdings by 44% since late December.

Not surprisingly given the steady bull market, other times assets have dropped more than 40% over a month's time have led to very positive intermediate-term returns in Gold. The three-month return in GLD has been a median +11.9%, with a median maximum decline of -3.2% and median maximum gain of +13.8%.

Perhaps even more notably, these traders have seemingly forgotten about Precious Metals as a sector - assets are now just 13% of total sector assets, compared to more than 25% just a couple of months ago. Technology and Energy are those traders' main focus now.

Source: sentimentrader

Yeah Yoni and if Ashraf would dispell his "magic" halo in a sticky it might help the magic seeker at an early stage rather than after receiving punishment on their account for following like a dumb sheep.

Too many people here come only for the pass of time. No work, no sacrifice.