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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (75892)	7/2/2011 7:10:37 PM
From: 2MAR$	Respond to of 217836

Yah , hope you took profs that 2nd test of 1550 i mentioned before ...and went short at both pivots even better ! ;) The long term chart shows pullbacks with the most consistent regularity of periods , all with about the same magnitude since 2009 and one was certainly looking overdue in here coupled with the ending of QE2. Supposing the trend remains intact and the magnitude of this pullback remains the same as the others (which itself contains so much inherent FA commentary itself ) then his pivots are pretty much the same as see too . Like the monthly chart for the GLD no long term trend is broken even with further bullback to say maybe $140 ...and as Trader Dan is mentioning that 1470 (i see 1474) then that lower support of the two tops 1rst & mid march will offer next support and still be within that magnitude of former pullbacks & still remain intact uptrend . two tops 1rst & mid march right around 1433/37 area and right here nearing interim support a little lower @ 1474 ( bounce there ) GLD could test $140 and still remain OK as far as monthly chart goes and has support here too 143