Here's two 30 min charts of gold
and silver futures from my Tradestation. I see a bear wedge
in silver and there is a well-defined channel/wedge in gold.
The bear wedge in the silver is pretty well defined
Here's an updated Silver Futures
chart that I posted last night, the Bear Wedge worked out
great! Futures trade overnight, whereas Stockcharts only
shows you intra day data.
I Shorted Silvers futures last
night, so far so good
Posted by junkmaylbox on 19th of Feb 2009 at 05:13 am
Now is a safe point of shorting $gold, as it's unlikely to break
its all-time high at this time and is very close to it. If it does
break it's high, it's not going to continue its run, but is bound
to reverse immediately. For what it's worth.
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Gold & Siler Futures
Posted by matt on 19th of Feb 2009 at 01:37 am
Here's two 30 min charts of gold and silver futures from my Tradestation. I see a bear wedge in silver and there is a well-defined channel/wedge in gold. The bear wedge in the silver is pretty well defined
Gold Futures
Posted by matt on 19th of Feb 2009 at 09:41 am
And here's the updated gold futures charts, it's still holding the uptrend line, however it looks like a close below 969 would break it
Updated Silver futures chart
Posted by matt on 19th of Feb 2009 at 09:35 am
Here's an updated Silver Futures chart that I posted last night, the Bear Wedge worked out great! Futures trade overnight, whereas Stockcharts only shows you intra day data.
I Shorted Silvers futures last night, so far so good
Now is a safe point
Posted by junkmaylbox on 19th of Feb 2009 at 05:13 am
Now is a safe point of shorting $gold, as it's unlikely to break its all-time high at this time and is very close to it. If it does break it's high, it's not going to continue its run, but is bound to reverse immediately. For what it's worth.