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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?


To: Saulamanca who wrote (40092)1/30/2024 2:56:58 PM
From: Saulamanca2 Recommendations

Recommended By
kckip
skinowski

  Respond to of 41471
 
NH-NL continuing to weaken under the surface as the broad market creeps higher. something to keep in the back of your mind... Ian McMillan,CMT

stockcharts.com




To: Saulamanca who wrote (40092)1/30/2024 3:15:25 PM
From: skinowski  Read Replies (1) | Respond to of 41471
 
lol!

OTOH, GLD made a tremendous advance towards the 2011 top, pulled back - and rallied up to test that top. Since then, for some years now, it continues ranging.

In other words, it had a powerful rally, a pullback - and is struggling to break to new highs.

I think Jay has the right attitude - “just in case” it proves to be H&S, he wants to try an entry at new highs - with a stop loss.

Personally, I wouldn’t rush into buying. Let it break out, retest - and then we’ll see how it acts.