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


To: carranza2 who wrote (78411)8/25/2011 8:22:40 AM
From: TobagoJack  Read Replies (1) | Respond to of 217742
 
just cleared from tray

From: H
Time: 2011 08 25 12:43 PM

Subject: Re: Gold Log Scale


incidentally the 61.8% fibo retracement level and close to the 50 day ma.

On Thu, Aug 25, 2011 at 6:12 AM, M wrote:
I have found that gold has charted much more accurately using a log scale than a regular chart.
And funny enough, that $1910 print was a trend line top.......Sean nailed it... nice job.

Where to from here?

In the past couple of years when we hit these high points, we corrected roughly 13% or 14% for about 40 to 45 days.
Which means that we bottom in mid-October around the $1650 level.... at that point, it makes sense to "fill your boots."

It is worth watching....

M