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Strategies & Market Trends : Take the Money and Run

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To: Jorj X Mckie who wrote (2473)6/8/2002 5:50:13 PM
From: Jorj X Mckie  Read Replies (1) of 17639
 
Gold, So, lots of talk of the POG being topped out. Looking at the charts, I done thin so. The 4pt, 3pt and 2pt charts are all bullish with normal pullbacks on the 3pt and 2pt. The 1pt chart has what can be considered a topping pattern. But a 1pt chart is a little bit sensitive on an issue that is over $300. To show this point, in April (signified by the "4" in the midst of the Xs and Os on the chart). Very similar topping pattern that then turns into consolidation.

I'm not ready to get bearish on Gold quite yet.

4pt
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3pt
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2pt
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1pt
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