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

To: jaker who wrote (6629)	5/5/2008 11:12:13 AM
From: Return to Sender	Read Replies (2) \| Respond to of 6865

GLD - This is a potential head and shoulders pattern. I do not believe any chart is a head and shoulders for sure until it breaks the neckline with some volume on the break and then fails to get back through the neckline on a rally attempt. It is all explained here: stockcharts.com Here is a chart on GLD since we can use volume. If the GLD does not make it through the neckline then look for further losses with a target of about 72. JMHO, RtS