3 replies to this topic

[Mike]

Here's monthly and daily charts, and a dollar chart at the bottom. Unfortunately, the spike lower missed the long term trendline and the lower gap. Will it matter? The nearby upper gap as well as the lower gap from today (5/19) are going to be magnets. Also, the dollar chart is closing in on a rising lower t/l from a bearish rising wedge. A decisive break of this t/l will be very bullish for gold/stocks.

http://stockcharts.c...26883927,Y].gif

http://stockcharts.c...27576771,Y].gif

http://stockcharts.c...27514244,Y].gif

http://stockcharts.c...20672879,Y].gif

[Mike]

Note: some of the indicators may have moved around in the uploading process, but that should be obvious. Also, the latest day may not post on all charts at the same time - double check the date at the top of the charts. These are stockcharts.com issues.

[mss]

Thanks, Mike Nice work. mss

[TomD]

i don't know why but I think people are being two quick to draw the USD pattern as a "rising wedge" particularly as one could see a lot of bearish flags on gold complex charts just got back...so am just catching up....