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To: loantech who wrote (14914)7/1/2006 12:35:24 PM
From: E. Charters  Respond to of 78419
 
I think you will see that the 14th was the crux or turn date. That you could know that at the time is not completely clear. the clear entry point for most traders would have been the 21st by parabolic, slope, stochastics classic interp, 3-day EMA crossing 5-DAY MA positively and MACD, with the 28th as a high confidence date, although a fair number could have hedged from the 15th or even the 14th. Full stochastics and std. deviation had turned at the 14th, as well as RSI, ATR (average true range) (second chart) and if you could program it, key reversal and momentum crossing its own moving average would have crossed at that point positively as well. Just looking at momentum alone and direction it was evident on the 15th that there was a turn around.

The turn in parabolic and short term EXPMA vs MA was a signal as well on the 19th with MACD presaging. MACD is a well known presaging indicator in its early moves. Parabolic is a classic and high confirmation. Many traders have made big money on parabolic alone.

That ATR was so convincing is proof that the volume must accompany price in and out in gold during the day. That is a given as the Rothschild London fix system is based on volume of trades or fixed number positive vs negative. buys vs sells. What the bank is doing in London is arbitrating the price based on the bids vs the asks, instead of letting the market itself decide. Comex is more organic.

On the 16th a 3 day Exp-MA had crossed a 7 day MA in a short term period. there was already a 3 day trend by that time that had broken a 7 day fall, not a bad entry at least hedged.





EC<:-}



To: loantech who wrote (14914)7/1/2006 12:57:31 PM
From: E. Charters  Respond to of 78419
 
This was posted on the 15th of June. Another method of determining switching points. This is Camarilla.

"Gold breaks yesterday's R4 resistance level.

Gold 573.60 574.30 +11.40 +2.03 % 568.00 576.10

R4 569.39

R3 566.15

R2 565.06

R1 563.98 "

This was also posted on the 15th of June.

Doughty little Goldielocks just won a knock down and drag out fight with the 3 mean old Bernake Grizzly bears and is now struggling up the cellar stairs. She is determined little thing, and while alittle unsteady on her feet she is about 1/3 of the way up, resting now and then, but not out of breath. She has her picnic basket sewn back up, and she will be seening granny any time now. (Or is that her cousin?) little red riding hood? and the broker wolf?)


Asia / Europe Spot Price
MARKET IS OPEN
Will close in 19 hours 42 minutes
----------------------------------------------------------------------
Metals Bid Ask Change from NY close
----------------------------------------------------------------------
Gold 577.10 577.80 +10.30 +1.82 %
Silver 10.24 10.34 +0.27 +2.71 %
Platinum 1158.00 1168.00 +0.00 +0.00 %
Palladium 299.00 304.00 +0.00 +0.00 %
----------------------------------------------------------------------
Last Update on Jun 15, 2006 at 17:47.06




To: loantech who wrote (14914)7/1/2006 3:01:11 PM
From: Taikun  Read Replies (1) | Respond to of 78419
 
I know. I was just kidding! Forgot the <vbg> at the end of my post.

6/16 was about 270pts up for the TSX. That corrected the large down day 6/13.
ca.finance.yahoo.com

I dont see a larger up day in points for awhile. Do you?

That was my point.

JP Morgan used atrology extensively, but it isnt for everyone.

Personally, I started making significantly more using it.