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To: Davy Crockett who wrote (34)6/2/2007 7:33:59 PM
From: Davy CrockettRead Replies (1) | Respond to of 118
 
this closer view of GOLD shows the good support at $650.00 that it bounced off of on May 31st
Gold - Continuous Contract (EOD) ($GOLD)  INDX
1-Jun-2007, 14:30 ET, daily, O:666.50 H:677.50 L:666.20 C:676.90 V:0 Chg:10.20
Traditional, 3 box reversal chart
Bearish Price Obj. (Revised): 615.00
P&F Pattern: Low Pole Reversal

© StockCharts.com
715.00 | | | 715.00
710.00 | | | 710.00
705.00 | | | 705.00
700.00 | | | 700.00
695.00 | | + X | 695.00
690.00 | | X + X O X | 690.00
685.00 | | X O + X O X O | 685.00
680.00 | | X O X + 4 O X O | 680.00
675.00 | | X X O X 3 + X O X O X | 675.00<
670.00 | O | X O X O X O + X 5 O X | 670.00
665.00 | O | 2 X O X O X O X O X | 665.00
660.00 | O | X O X O O O X O 6 | 660.00
655.00 | O X C | X O X O X X O + | 655.00
650.00 | O X O X O | X O O X O X + + | 650.00
645.00 | O X 8 O + X O X X O X O X + | 645.00
640.00 | O X O X O X + X O 1 O X O X O + | 640.00
635.00 | O X O X O X O + X X O X O X + O + | 635.00
630.00 | O X O X O X 9 O + X O X O X O X + | 630.00
625.00 | O X O X O X O X O + X O X O X O X + | 625.00
620.00 | O O X O X O X O + X O X O | O X + | 620.00
615.00 | O X O X O X O + B O | O X + | 615.00 PO
610.00 | O X O O + O + X | O X + | 610.00
605.00 | O + + O X X X | O + | 605.00
600.00 | + O X A X O X | + | 600.00
595.00 | + O X X O X O X + | 595.00
590.00 | + O X O X O X O X + | | 590.00
585.00 | + O X O X O X O X + | | 585.00
580.00 | + O O X O X O + | | 580.00
575.00 | O O X + | | 575.00
570.00 | O X + | | 570.00
565.00 | O + | | 565.00
560.00 | + | | 560.00
555.00 | | | 555.00
550.00 | | | 550.00
545.00 | | | 545.00
07

+ = bearish resistance line
+ = bullish support line



To: Davy Crockett who wrote (34)6/8/2007 3:23:34 PM
From: Davy CrockettRead Replies (1) | Respond to of 118
 
who know...? That bearish price objective on the PnF chart look like it could certainly happen. Today was a big step IMO towards the $615.00 objective. A lower low was put in today and a trend-line break occured in the PnF chart

FWIW I sold everything, including the 2 bear funds... except the NNO.wt.a

NNO.to is sitting on support so I want to see how that plays out.
The A warrants are very thinly traded so I wouldn't be able to get out even if I wanted to. Unless of course I want to hit the 1 cent penny bid.