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Strategies & Market Trends : Technical Analysis With Charts

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From: MACD X	11/20/2006 6:32:21 PM
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Some golden thoughts stockcharts.com There are some interesting thoughts concerning gold. It appears that the first of the month has a track record of reversals. Every blue vertical line is the first of the month. The triangle is still in effect and every movement has been an ABC move, except the one that we are working on. This makes me want to buy into gold [actually silver being that it is outperforming gold] Now if gold did take off here and now it would probably be short lived because the end of the month would likely slam the brakes on gold. And if it did gold may fall the whole month of Dec. setting up Jan.1 as the launch date for the start of the triangle breakout. This is all specualtion and cyrstal ball work. But it has possibilitys according to what has happened in the past. trade what happens of course. Knowing all the possibilitys dont hurt.

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