TA has worked fine for me on gold. Got bullish in August 2000.
Called the 2008 top and recent low. FWIW, commodity futures
do trade differently - they need less time to prepare for a move.
But they get parabolic and crushed like everything else. Just need
to look at them differently from stocks. Which is why I recommend
newbies avoid futures and commodities until they prove their chops
consistently on stocks.
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Gold
FWIW
Posted by PA on 25th of Feb 2009 at 09:35 am
TA has worked fine for me on gold. Got bullish in August 2000. Called the 2008 top and recent low. FWIW, commodity futures do trade differently - they need less time to prepare for a move. But they get parabolic and crushed like everything else. Just need to look at them differently from stocks. Which is why I recommend newbies avoid futures and commodities until they prove their chops consistently on stocks.