John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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ajtj99

Davy Crockett

No Mo Mo

To: ajtj99 who wrote (15236)	11/20/2013 6:43:59 PM
From: HairBall	3 Recommendations Read Replies (2) of 33421

Hello ajtj99, I stumbled across you posting here a couple of months ago. As you know I retired from day trading in 2010 and posting my work publicly. I have never been addicted to anything, but my abrupt refrain from posting felt a little like going cold turkey. Although I did not miss the work associated with maintaining a message board. I started to post this chart a few days ago and just pulled back, feeling a little like an alcoholic starring at a shot just poured in front of me. At any rate and for what it’s worth, my take on GLD. Attached is an “End of Day” 8 Day Candle Chart. Note the bearish flag in play. A break to the norm is in progress. The first major test for support should be the start of the flag the 114.68 pivot low. If this flag breaks below (as the nature of this formation suggests), the next major support would be the 100.44 pivot high followed by the price action congestion on either side of 92.00 (See the Volume at Price Bars) I trust the market is treating you and the participants of this thread well. Regards, LG THINK LIKE A CRIMINAL

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