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To: At_The_Ask who wrote (63878)1/16/2003 10:18:11 PM
From: skinowski  Read Replies (1) | Respond to of 209892
 
After today's move up, the action on the (hourly) GC03G gold contract is really beginning to shape up as an ED (out of Dec. 31 low). I added to my small short position on the way up, at 357, and planning to add more close to 360, if it gets there. If the price decides to wiggle around for too long above 360 – 62, I’ll have to admit not knowing what’s cooking, and start scaling out.

Your chart shows the ED very nicely, complete with the overshoot:

three-of-three.com