RGLD AND CONFIRMATION BY FCX??? at a Crossroads

If FCX will confirm and RGLD breakout to new highs on heavy volume it will be off to the races. For the time being I am short with a tight stop RGLD dec puts.

HAPPY THANKSGIVING

My Presbyterian roots are showing up in my posts: This morning I awoke singng the Doxology.


Praise God, from Whom all blessings flow;
Praise Him, all creatures here below;
Praise Him above, ye heavenly host;
Praise Father, Son, and Holy Ghost.

Click on the link below and give praise to our Father God and Creator.

http://www.cyberhymnal.org/htm/p/r/praisegf.htm

Has an up leg of new bull market started???

The Long Tail Up pattern forms when the price rises twenty boxes or more. It is the reverse of the Long Tail Down pattern but with less chance of a being profitable. I am not convinced that new bull market for $indu has started but when the facts change I will change my opinion. My work shows a 75% probability for a down market on Friday. Airline traffic is down 7% this thanksgiving season.
My wife Margaret and I are with my older son Alan and his wife's family in Tyler Texa for Thanksgiving. On to horseshoe bay Friday.

Wishing you and yours a blessed Thanksgiving day.