There is a wave analist out the call Basil Chapman who does some
very good work. One of his patterns is the dreaded h pattern and we
now have that set up on gold and gold stocks. $45 is the key here
on the GDX if price falls below that level then the price is most
apt to fall the lenght of the h or in this case -$10 on GDX.
Also, as I pointed out at the end of Dec. there is a
bearish railroad trackon the gold futures giving a target of
$1,008 and that looks to be coming true.
The Dreaded jh pattern
Posted by ditch on 21st of Jan 2010 at 08:30 am
There is a wave analist out the call Basil Chapman who does some very good work. One of his patterns is the dreaded h pattern and we now have that set up on gold and gold stocks. $45 is the key here on the GDX if price falls below that level then the price is most apt to fall the lenght of the h or in this case -$10 on GDX.
Also, as I pointed out at the end of Dec. there is a bearish railroad trackon the gold futures giving a target of $1,008 and that looks to be coming true.
ditch, thanks I got into
Posted by ocracoke53 on 21st of Jan 2010 at 08:42 am
ditch, thanks I got into DZZ near the top of Matt's bear flag from a recent update, between you two it seemed like a good trade.
Glad to help. did you see
Posted by ditch on 21st of Jan 2010 at 09:07 am
Glad to help.
did you see they got Serendipity moved....
http://www.islandfreepress.org/