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

To: GROUND ZERO™ who wrote (29307)	2/28/2012 6:48:26 PM
From: Kirk ©	Read Replies (1) \| Respond to of 223533

It sure looks that way. I'm getting tempted to buy some GLD just for a trade but it would come out of cash... Put a stop at the neckline. Maybe I should try to put the prices into your model first and see if that stop would align with a reverse and short.... when the two methods line up.... usually pretty powerful.

To: GROUND ZERO™ who wrote (29307)	2/29/2012 12:49:10 PM
From: Kirk ©	1 Recommendation Read Replies (1) \| Respond to of 223533

Well, that neckline in the chart I posted Message 27978073 was just taken out so the iH&S target is invalidated. Now I see a pennant and we're at the upper end so downside is several hundred points to support.... probably depends on what your S&P signal does... if we get a sell, maybe get the 200 DMA on gld... here is a quickie no time to upload better charts to my site now as it takes polish to make a good zoom but you get the idea...