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GLD triangle coil


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#1 tradesurfer

tradesurfer

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Posted 01 October 2008 - 09:46 AM

GLD looks like it has almost completed a small triangle or coil that is would up tight. That huge $100 move we had as reflected in GLD was on all time record volume. Seems to suggest the next move out of this pattern will be a big move and on very large volume again. Gosh I am tempted to go long using full margin.