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Strategies & Market Trends : Technical Analysis With Charts -- Ignore unavailable to you. Want to Upgrade?

To: sammy™ -_- who wrote (3460)	11/24/2006 3:28:53 PM
From: MACD X	Respond to of 6865

SammyO , some more thoughts on gold, stockcharts.com I have looked at charts enough to know that they are very symetrical, and what goes down one side of a chart usually goes up the equal distance or some means of evening things out. the gold bear lasted 20 years and many think it will go up 20 years using this same line of thought. What is also common on a chart is like the chart above where the 20 year bear in gold fell for 5 years and counter rallyed for 3, it did this every time retracing a fibinocci number as it when along, Very likely it will do this on the way up. We have already had the 5 years up, I would think it only logical to expected to have a 3 year counter decline, we are only 6 months into it so there should be much more to come if this proves to be correct. other thoughts and views welcome as always.