Posted by dallassteve on 8th of Jun 2009 at 04:02 pm
Puma, beautiful chart! Of course, there could be multiple
right shoulders formed before it starts the big decline. The
way this market is going, it will probably form a shoulder tomorrow
and then over the next couple days make a higher shoulder around
42.5. Just to confuse everyone. I believe gold is in a
bull market over the longer term, but I am sure going to short GDX
again.
GDX chart
GDX
Posted by dallassteve on 8th of Jun 2009 at 04:02 pm
Puma, beautiful chart! Of course, there could be multiple right shoulders formed before it starts the big decline. The way this market is going, it will probably form a shoulder tomorrow and then over the next couple days make a higher shoulder around 42.5. Just to confuse everyone. I believe gold is in a bull market over the longer term, but I am sure going to short GDX again.
Yeah. I agree with your
Posted by puma on 8th of Jun 2009 at 04:08 pm
Yeah. I agree with your agreement. We're on the same page.
One simple question: the high
Posted by hornsant on 8th of Jun 2009 at 04:13 pm
One simple question: the high print today was 41.30, the same as the low of wave 1, so: Is that considered overlap ?