THE MARKET IS BEING MICRO-MANAGED BY THE FED AND ITS SHILLS NOW...AND A LOT OF THE DATA IS BEING "COOKED" TO KEEP THE RALLY GOING...
SO GOLD AND OIL ARE LITERALLY LOCKED IN PLACE...AND WILL NOT BE ALLOWED TO RISE OR FALL...IF THE FED AND IT'S SHILLS ON THE STREET HAVE ANYTHING TO SAY ABOUT IT.
THE RANGE ON GOLD AND OIL WILL HAVE TO BE MUCH TIGHTER THAN THE RANGE ON THE DOW AND THE OTHER AVERAGES....FOR THE RALLY TO GO ON...
I LOOK FOR GOLD AND OIL TO BE TIGHTLY STUCK BETWEEN 850 -910 ON GOLD...AND OIL BETWEEN 45 - 52....
AND THIS WILL LIKELY LAST INDEFINITELY...OR AS LONG AS THE FED AND ITS SHILLS CAN PULL IT OFF...
IN THIS COOKED ENVIRONMENT...THE DOW CAN BE RANGE BOUND FROM 7500 TO ABOUT 8200...
THIS COULD LAST ALL SUMMER...AND INTO THE FALL...
LIKELY REALITY WILL COME BACK IN THE FALL OF 2009...THE DOW WILL NEED TO GO TO 6000 BY OCTOBER.
