Thursday, September 22, 2005

MY GOLD TA Observations


click to enlarge

Expensive services claim to have a "system" or wait until planets are aligned or they get a "signal".

Maybe something to them but don't you want to look impatiently at a play?

What we observe here in the HUI and I use WEEKLY chart because we want to smooth out the wrinkles and see the one larger trend.
BUY signal(20 thru 50) near 50, sell signal (weaker MACD) near 2nd top of $243 hows that?
Now we have the convergence of the 2 moving averages, so we must wait and see what happens.
High today gapped up to $475 and we are now at $466, puts in question parabolic pole move and we shall now see the rubber band snap, if gold is taking a breather or more. IMHO

Duratek

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