Crude Oil, Gold and Perception...
It's what drives the markets

Did they pull the plug on crude oil? If they did, then we pulled it faster using our Trade Triangle technology. We had a signal to exit all long crude oil positions on April 30th at 114.95 for the June contract. It now appears that oil is on the retreat and we could see further downside erosion in this market. The 108 to 110 level is an important area for this market to regroup, if it is going to resume its upward trend.

Has gold lost its luster?

When we first announced a major sell signal for gold it was as if we were going against the Holy Grail. We had strong criticism from all the experts wondering how we could think of selling gold given the economic uncertainties that the world faces today. But as we have stated before, we only look at what's going on in the market according to our Trade Triangle technology. What's going on right now indicates that we could see gold continue to move lower. We've already reached several of our downside target zones. Our longer-term target zone for gold is around $800. A move to the to $792 level represents a 62% pullback from golds all-time high of $1,032.58.

Watch the new video here. I hope you find it both entertaining and educational!

Adam Hewison

P.S. By all means, take some time out to watch our recent Traders Whiteboard series. You'll be glad you did!

Insider TA™, developed by Stock Blocks™, Inc., is an end-of-day volume-oriented stock trading tool that performs innovative technical analysis on Commodity Systems Inc. (CSI®), TeleChart®, Metastock® (CompuTrac), Quotes Plus (QP2/QP3 only) and ASCII historical data using Equivolume, Point & Figure, and Candlestick/Candlevolume charting methods.  Data is presented in an interactive animated graphical environment.

Insider TA™ embraces Equivolume Charting -- an analysis method created by Richard Arms, Jr.  In Insider TA documentation, this technique is also referred to as Box Charting. An effective tool that excels at illustrating volume cycles, Insider TA™ maximizes the potential of Equivolume Charting by manipulating in real-time the interactive graphical viewport, combined with the ability to optimize data for best signaling performance.

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Insider TA™ wraps all of these theories into one neat package, complete with Stoploss and Trailing Stop analysis, Buy and Sell tag signaling, and a File Scanning tool. Insider TA™ is the best Equivolume Software package for your stock analysis toolbox!

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