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Wednesday September 28th, 2005

by Mike Paulenoff www.MPTrader.com
Wow!! As if everyone is watching the EXACT same levels, the decline in the e-SPZ from this AM's high at 1227 managed to stop right at the near term support line at 1218-1217.50 (preserving yest.'s intraday low at 1216.00), and has since pivoted up into the center of the coil again at 1221-1222. So, the sideways whipsaw coil continues to rule... In the meantime, gold prices have rallied strongly (along with energy)... Have a look at my updated daily chart analytics of gold...

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