From Parker (Position Sizing) Feb 5th
"I think Gold will correct, perhaps to the 1225-1250 range. Old tops become support, and we have some old tops in that range. Plus, the 60-week moving average has historically served as support, and it's already at 1233.
After the correction, I would not be surprised to see gold have another bull run into ~May. Seasonally, gold often makes important tops in the Spring. See March 2008, May 2006."
Using Parkers methods as described in his presentations I calculate a weekly money flow T topping 7/4/11 on gold.... I don't have complete
faith in the method nor do I believe I am the best practitioner of said method. Just trying to prove its effectiveness to myself going
forward.
We won't know if another (positive) money flow T on the daily charts has occurred until we get oversold on the Money Flow
Index but it is quite possible.