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

To: Cogito Ergo Sum who wrote (78429)	8/24/2011 9:33:52 PM
From: Hawkmoon	1 Recommendation Read Replies (1) \| Respond to of 217878

He did say that the parabolic move in gold will "end when it ends" and I agree with him.. And Parabolic moves often end very badly because they have very little underlying technical support. Had Gold held above $1900 for the week, that parabolic move might have continued.. but it didn't. It was down hard yesteday and violated a lot of technical momentum.. And I was very fortunate to bail out of my SLV position when I did. I really enjoyed the ride.. But it's also quite possible that DG is part of a concerted effort, along with raising margin requirements, aimed at taking the wind out of Gold and creating the same situation as occurred with Silver. Remember TBS.. TA is a windsock, not a crystal ball.. And when the charts tell you that fear has replaced greed it can inflict a very painful lesson upon those who ignore the warning signs. Hawk