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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 55.41

-1.2%

Jan 14 4:00 PM EST

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To: da_cheif™ who wrote (41779)	8/9/2009 1:24:35 PM
From: Kirk ©	Read Replies (1) of 207796

DOW Gold Ratio Back in 1999, it took 45 ounces of gold to buy the DJIA. On Friday March 6 of 2009 the DOW-Gold ratio hit a low of 7.03 As of Friday (May 9, 2009) it only took 9.36 ounces of gold to buy the DOW, a nice jump from the recent low. It looks like the chart of Gold could be making an iH&S but near a top after a consolidation rather than near a bottom for a reversal.... a break above 1,000 could be exciting.

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