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


To: carranza2 who wrote (78706)8/28/2011 11:53:28 PM
From: Hawkmoon2 Recommendations  Respond to of 217771
 
This chart works for GLD as well:

bigcharts.marketwatch.com

GLD put in a "shooting star" Candlestick on the weekly AND monthly charts, Carranza. This is a bearish reversal indicator. And given that it's happened also on the monthly frequency, it's a strong signal. Ignore it at your own peril. It's the very same candle that harkened the reversal in SLV back in May and led to further lows before rallying.

stockcharts.com

Hawk