So, let's go to the gold chart and get what we've got. If you looked at where the market is right now, if it finished the week even with the market down, you'd still be up a half a percentage point. You can see how the market's giving back a little bit of this, and what I was talking about is, you know, this is a heck of a run, but everything has pullbacks, all right, and I don't know how deep it wants to go just yet, but maybe we can get an idea here.
You can see that you got higher lows on the swing line behind the higher high. You're over the 18-day average, so one potential number could be. It goes back to the 18-day average to find support. There's no other key number here in the main moving averages that I'm worried about. You can see how the market – if the Bollinger Band ran into all the resistance, but it's been doing that; it's been running this Bollinger Band day after day.
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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.
One of the ways Ira, along with his brokers showcase their talents is through e-mails of market information and Ira's "Futures Videos", which can be viewed on our website, through Market Center, Linn-IraChart Software and on YouTube.