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Strategies & Market Trends : CFZ E-Wiggle Workspace
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To: Galirayo who wrote (9854)1/23/2009 9:03:28 PM
From: jaker  Read Replies (2) of 41413
 
GLD 60m, do for a rest? Gold has been on a tear... growing as tall as tree's, maybe..it has been climbing the upper bollinger band wall. Can it keep climbing? Maybe, again.

I am suspicious.. The wave structure does not look right for an impulsive move. It looks more like a measured move at this time, which could turn corrective if abc. However, a good push higher would remedy that.

I think it should be watched closely here for those trading the 60m timeframe.
My next 60m rez. line is 89.06 --- that could be the clincher.

h1.ripway.com
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