Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: benwood who wrote (31377)	9/15/2011 6:23:24 PM
From: gold$10k	1 Recommendation Read Replies (1) of 48092

The best trader I ever came in contact with used to say that when the FA and the TA don't agree, then trust the TA. This is looking like a repeat of last summer. stockcharts.com The redrawn uptrend line now has the same angle of ascent as the previous two cyclical bulls, but what will "they" do when SPX reaches 1550 again? stockcharts.com "a top is not due until...late 2012/early 2013. In 2000 when the crash occurred as well as 2008, the lower 34 M A Bollinger band was in closer proximity to the 21 MA Bollinger band as well as stochastic 2 at oversold levels. Neither of these occurrences can be seen in the present setup, which suggests we are experiencing a painful mid-term correction rather than a devastating style of crash as per 2000 and 2008. The crash expected in 2013 is likely to be very intense and wipe out many investors" safehaven.com

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