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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: J.B.C. who wrote (17104)12/17/2002 9:39:04 AM
From: MulhollandDrive  Read Replies (1) | Respond to of 57110
 
jim..

Message 18337893

i think it is potentially quite significant too..

i posted this chart of the price of gold a few days ago.

his commentary...

Extremely Rare & Symmetrical
Gold
Cup with Handle
Breaks Out to the Upside



This is a momentous occasion and something you may not see again technically in your trading career. Not only is it rare to see this formation, but rarer even to see any formation with such symmetry. The more symmetrical a formation is, the more meaningful it is. The longer it takes to construct a rare formation like this, the more meaningful the formation is.

Now, IMO, not only is $348-$354 assured, but also that price will occur by Christmas.

A rare formation of this quality and time to construct indicates that my fundamental conclusions are correct. Those conclusions mean that we are early in a very long bull market in gold. The market is the final arbitrator and it is there that my final report card will be delivered. The drama of gold will have many acts and challenges, but it has $529 now written on it.

I suggest you save the chart given to you this evening on the technical review. In your career, whenever you see this again, in anything, you will know what to do.