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To: Done, gone. who wrote (283938)4/13/2004 11:14:13 AM
From: Michael Watkins  Read Replies (1) | Respond to of 436258
 
I'm pretty sure I posted the 2B test of top chart on the gold contract a while back here.

trendvue.com

In the bigger picture, GC had hit every target I had for it, the biggest of all being the measured move from the triangle I posted here on this thread *last year*.

trendvue.com

The rest of the rationale is trading sense - makes a big move, hits targets *everyone* was watching, and most importantly, fails at a test of top on the daily... time to bail. Plus some of the more quality names I was holding were not moving up as they should.

On the daily chart a bear flag built up on the first push down and wham, broke today and hit the first downside target.

For now, not much reason to be in it...