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I wonder how gold plays FRB announcements...
Homestake is set to explode. Since primary trend is down, first element of
surprise would be up.
But then there is the question of the wedge...
Re FedEx: Having run 13% in 2 days smack into its 200 ema, I have brought my
downside closer to current price while letting my upside ride, hopefully
into short stop running right above here. Who am I kidding? Whoever heard of
stops in stocks?? Besides, this could be a News Reversal Day and make the
list that populates "stocks that fell inspite of good earnings" !!
Remarkable how both charts look alike in structure and position relative to
the major MA's.
Gitanshu
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