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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 383.12

+0.8%

Nov 26 4:00 PM EST

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To: Postman who wrote (18396)	4/25/2009 11:10:15 PM
From: Anchan	1 Recommendation Read Replies (1) of 29622

I know nuttin' about cycle lengths and very little about chart reading but the chart below looks intriguing in my naive eyes. The 4, 10, and 40 week moving averages (equiv to 20, 50, 200 day EMA) met twice in the last 2 years: In September 2007, the 3 averages met to start a big move up lasting 3 - 6 months. The 3 averages met again in June/July 2008 for the big drop into the hells of November. (How I wished I'd looked at this last summer...) And now, in April, the 3 averages met&meet again. It seems in approaching the 40 week EMA from below, the 10 week MA at first shied off, dipping around March 27. But as of the last 2 days, both the 4 week and the 10 week MA seem to be ready to meet the 40 week MA for a decisive move -- down or up. My gut says: up. [url]http://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=9&dy=0&id=p75288076524[/url]

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