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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera

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From: ajtj99	6/28/2013 10:33:36 AM
	3 Recommendations Read Replies (4) of 33421

The XAU weekly has made or is close to making a low, IMO. The current trading box appears to extend from the 80 area to the 110 area. The risk/reward here favors the upside to the tune of about a 7:1 ratio based upon that trading box. The GDXJ has a weekly pattern on the full stochs 14,3,3 that suggests about a 50% move up from the recent low range. I am also seeing some compression patterns in indicators. This usually means a swift reversal up. Do your own due diligence.

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