While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
The Long term Point & Figure in the Gold is rolling over with a defined high @ 1275.
The selling is reflective of the Risk On rally in the world Equity Indices over the past few hours.
Metals traders should look to sell a rally back near 1250-52 with a tight stop.
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