Goldheart
Goldheart Indicator
Started by
Not Too Swift
, Jun 28 2005 09:04 PM
2 replies to this topic
#1
Not Too Swift
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Posted 28 June 2005 - 09:04 PM
I let the market tell me what to do. The trouble is she mumbles a lot, and I'm hard of hearing.
1576 ONO. Upside down, reverse, inside out, snort...
1576 ONO. Upside down, reverse, inside out, snort...
#2
mss
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I'M WATCHING
Posted 29 June 2005 - 06:51 AM
Hi N T Swift,
I'm confused as to what he is saying. If he is suggesting that a time to buy is approaching, then I agree. If he is saying NOW is the time to buy , I don't agree. Am showing weakness and I think he is showing strength. Help me here. Thanks 
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A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#3
Not Too Swift
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Posted 29 June 2005 - 08:30 PM
I am pretty certain the indicator is a type of stochastic, and I don't know why but it is plotted inverted.
So I think the signals are:
Short term -- signal is approaching top so gold is approaching ST bottom
Medium term -- signal is approaching bottom so gold is approaching MT top
Long term -- signal is rolling over at top so gold is rising off of LT bottom
I think the weakness you are talking about is the rise over the past week of the ST signal so that yes, a ST signal to buy is aproaching.
A MT period is about three months (you can read this from the troughs)
A ST period is about three weeks
I let the market tell me what to do. The trouble is she mumbles a lot, and I'm hard of hearing.
1576 ONO. Upside down, reverse, inside out, snort...
1576 ONO. Upside down, reverse, inside out, snort...
