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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 (43199)	1/6/2013 12:12:27 PM
From: Vendit™	1 Recommendation Read Replies (1) \| Respond to of 220205

I am posting with my IPad so can only link the $GOLD chart. stockcharts.com In the chart the most significant thing I see from Friday's close it the daily candle which is called a Hammer. It has a small body at the very top and a much longer lower tail. The entire candle shows the entire trading range from Friday with Bulls beating Bears by end of day. More clearly stated their ended up being more buyers than sellers so most of the volume occurred at the top of the daily range. A hammer is formed on many bottoms just prior to a new upswing as well as an inverted hammer which forms on trend tops indicating a new move down. Lower indicators are more on the flat side but all are very much in the buy range. I agree with you assessment for a short term move up.