Wednesday, September 22, 2010

SOLD NGD - $6.15

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I had a very modest limit order in to sell my position in New Gold Inc (NGD) which just got taken out in the pre-market trade.  I am of the mind that gold and the stock market will, in short order, take a brief breather, and I would like to take profits in any and all positions that are presently in the green - with the plan to bring my money back to the table after the breather concludes.
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Target prices for the resumption of the bull would include gold $1265 and SP500 1120.  These are general targets, areas where I will look for the True Strength Index (TSI) and Money Flow Index (MFI) indicators to start showing a change of heart.
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Click on the chart to ENLARGE
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My TSI Trading record has been updated.

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