John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: nspolar who wrote (10688)	11/23/2008 2:24:15 AM
From: nspolar	5 Recommendations Read Replies (3) of 33421

It would be a bit incomplete not to include a chart for gold, now wouldn't it. This is what I have: An A down off the [D] top, A neutral triangle for a B all but complete, A 200 point rapid drop around the corner, A possible bottom and a long basing period, With a possible end to this move at a higher low in late 2009. Following that I hope it is impulse time. I had much earlier in time thought gold could go lower here, to perhaps 400. But I think that may be a bit remote. Just looking at TA parameters I think gold is actually doing rather nicely here. I like what I see. img242.imageshack.us TF

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