Tuesday, September 8, 2009
In a weird way this market gap open so far I actually think is somewhat bearish. Gold opened right at all time highs. Now is selling off. Copper opened right at 10 month highs, is now selling off. Dollar broke down to 77, now is reversing. This could get very interesting. Watch the dollar and commodities. If this gap open in the equity markets is not false, the commodities will tell you. We made be headed to new highs but not convinced...just yet.