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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (5555)	10/1/2010 9:05:41 AM
From: Chip McVickar	2 Recommendations Read Replies (3) \| Respond to of 219173

Hello Patrick, Gold on May 12 showed RSI peaking at 77.50 and began a broad divergence backed up by MACD and CCI.... that lasted until about June 18th There was no substantive buy signal in RSI, etc... at the July low of 1155 other then it held a Fib 61.8 retrace and 150 SMA Today the RSI has peaked higher and shows a very small and subtle divergence over the last 3 days... plus gold has reached the median line of the dominant pitchfork. Me thinks a top is forming... Whatcha Think...? I can present a chart if you'd like.