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Posted by ganntrader@aol.com on August 21, 2008, 5:40 am
(edited from the DGL user group update)
Group update - August 20
OCTOBER CRUDE OIL futures turned as expected in the July 29 update,
and are making a counter-trend move higher, approaching the first DGL
turning point. I expect to see another downturn in Crude soon.
DECEMBER GOLD is also making a swing higher, and will likely be
setting up for another DGL shorting opportunity. The high today was
822.4, with the DGL at 823.2.
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For info on the DGL user group: visit http://dgl.topcities.com or
email: ganntrader@aol.com
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