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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 677.48+0.3%Nov 5 4:00 PM EST
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To: w0z who wrote (64061)9/18/2014 7:15:21 AM
From: GROUND ZERO™1 Recommendation

Recommended By
Ms. Baby Boomer

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Here's a wedge pattern that broke down two weeks ago, this is a weekly gold chart as of yesterday... from this chart we can see the measured move downward takes gold to about 1100 or so... and with the dollar becoming stronger and with rates ticking higher, I just don't know how gold could hold a rally... but, maybe I'm missing something... if I use the previous high for that wedge, then the measured move would be down around 1025 or so...



GZ
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