4 replies to this topic

[OEXCHAOS]

More from Adam at INO. This time on Gold.

How Candlesticks Can Turn Your Portfolio Gold
--------------------------------------------------------------------------------- I have just finished a short video on the spot gold market using Japanese candlestick charts. In this new video I show you some important elements that you would not necessarily see using traditional Western charts.

http://www.ino.com/info/565/CD3524/&dp=0&l=0&campaignid=3

I invite you to take a look at this new video with no registration and no charge.

http://www.ino.com/info/565/CD3524/&dp=0&l=0&campaignid=3

Whether you agree, disagree, or just want to comment on this video, please do so below.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub





Linkable: www.ino.com/info/565/CD3524/&dp=0&l=0&campaignid=3

[Rogerdodger]

He says 1240 important but could go either way.
Jack Chan looks similarly ambiguous but potentially bullish for gold:
http://stockcharts.c...53245&r=292.png
"The ascending triangle is formed when the market makes higher lows and the same level highs. These patterns are normally seen in an uptrend and viewed as a continuation pattern as the bulls gain more and more control running up to the top resistance line of the pattern."

Edited by Rogerdodger, 14 June 2010 - 11:02 AM.

[Mr Dev]

Some thoughts,...before I check the link.
I've been long the RUT and a small GOLD fund position for a week. I exited those positions last friday as gold has moved into a formation of risk and didn't come close to
matching gains in the RUT. I'm not touching gold here at all.

Good luck for those that are holding, but it looks like the run is done... imho any gains in gold would be less than what the major indexes could provide, even tho I expect some kind of ST pullback there as well.

rodgerdodger look at that nasty diver on your macd..looks like it's headed for the 0-line for some support, but if that fails like i think it will ...you will see a violent down turn!

thanks for sharing guys

Edited by Mr Dev, 14 June 2010 - 11:29 AM.

[dasein]

on the gold board, senor BS is out of gold - i dont take that as contrarian.

[vitaminm]

GLD.....projects...127 S@116-115.............114-113 R@121-122