So when I look at the gold market, we had talked about if it's going to continue to fall, the 18-week moving average of closes could be where the market's heading at – that is still very much in play. For the week...you're up 0.01%. So you're basically unchanged is what I'm saying and you can see what's going on here now, trying to make a knot out of that is difficult. If the market clears through these lows, then we can get a further break.
The pattern flip-flopped on us. If we take a look let's go back, just a little bit here, and take a look at what I'm showing you. At this point, you had higher lows higher highs, which you could not afford to take out. Was that low? So now we see the market came down [recently]. Here you [were] and you made a higher high and enclosed lower. Now, that changes, you don't have to get under this low. If you take it out right here, the $2329, I say that's enough to say the market's back into what we call on the swing lines – a downtrend: lower highs and lower lows.
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LINN & Associates
Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
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Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
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