POG

dl.dropbox.com/u/14595286/POG%2008.11.2012.JPG

If you look at my chart there are several lines that the SP has broken.
I have left them there to help me remember how I was thinking here.

I have successfully traded POG over the years but closed my last SB on a loss.

I currently have a Buy Target around the 350p major support level.

If this support level does fail it would be curtains for the SP which could then hit almost any level!

Unlikely but possible

Im looking to go long at 384.2 with a 15 point stop.
Thats the gap support. This is a first attempt basis trade. I like trading the gaps .This is only for today.

dyor
remo

remo,

I am being patient on this one so far.

I am happy to wait and see.

Good luck with that one

im already long on this and curently nursing a loss..My stop is below 371.
If this goes below 371 then down she goes.This will then head towards 345

dyor
remo

remo,

I will use a tight stop below 345p region because I see the shape of my chart going very bearish if that happens.

225p? Not impossible here

POG chart dl.dropbox.com/u/14595286/POG%2013.11.2012.JPG

It appears to be following the down trend line and heading to major support at 352.50p

I will put a tight stop on it if I do take it out.

Could be good for a pre Christmas trade up to 470p.

I expect a lot of traders will be buying this below 355p.

If this does go below 345p it could be murder!