Posted by magann14 on 28th of Dec 2011 at 10:57 am
If the GLD is now breaking down from the small bear flag
pattern, do it measure down to 147ish? I was just looking at
Steve's daily chart from last night
Yes remember Steve and stated early last week that we thought
GLD looked like a bear flag pattern, so far that's playing out
Initially the pattern measures to the 151.7 lows over a
week ago
other than that, I've stated on the blog that the ABC daily
pattern measures to about the 140 - 145 range if wave C = Wave A
and there is no extension. The daily H&S pattern
measures to about 150, see the charts
GLD bear flag
Posted by magann14 on 28th of Dec 2011 at 10:57 am
If the GLD is now breaking down from the small bear flag pattern, do it measure down to 147ish? I was just looking at Steve's daily chart from last night
Yes remember Steve and stated
Posted by matt on 28th of Dec 2011 at 11:08 am
Yes remember Steve and stated early last week that we thought GLD looked like a bear flag pattern, so far that's playing out
Initially the pattern measures to the 151.7 lows over a week ago
other than that, I've stated on the blog that the ABC daily pattern measures to about the 140 - 145 range if wave C = Wave A and there is no extension. The daily H&S pattern measures to about 150, see the charts
Thank you
Posted by magann14 on 28th of Dec 2011 at 11:30 am
Thank you