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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
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DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 16, 2013 14:57
Gold retesting trend resistance (now support) already--dah
Qingyu
manchester, UK
Posts: 1763
11 years ago
Jan 16, 2013 9:27
nice story! must read! :)
http://thenextweb.com/shareables/2013/01/16/verizon-finds-developer-outsourced-his-work-to-china-so-he-could-surf-reddit-and-watch-cat-videos/

never trust IT guy! ;P
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 15, 2013 12:38
In reply to DaveO's post
Gold, break above trend resistance today, guess I spooked it into action.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 15, 2013 1:09
Gold, the initial bounce from our ABC 1630 target level was promising but the last 5 days action is not encouraging. Its been up against trend resistance drawn from the B high at 1755. Support below drawn from May lows provides a triangle to bracket
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 15, 2013 0:47
Its a bit late to answer now but I see CL trying to break the trend resistance line drawn from the 1st March 2012 high through the 14th Sept high. Very weak candles approaching this level and stochs looking o/b. Its also the 61.8% of the swing from Sept high to Nov low and on weekly chart heavy resistance from 100 and 55 WMA confluence same level.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 12, 2013 0:41
In reply to DaveO's post
The higher position I plot at c 2.194 coincides with my 100 WMA
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 12, 2013 0:38
Ashraf, In your 10yr yield article today $TNX I can make sense of your 6 yr trend line but not your 3 yr trend line drawn from the Feb 2011 high. If it is drawn through the April 2011 high as shown on your chart it comes in somewhat higher at current position c 2.194 with current price below at 1.89. There really seems no obvious alternative pivot points available to align with your take that the yield is breaking this resistance line. All else makes sense.
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 11, 2013 15:31
in my defense it was a very fast move when I was distracted
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 11, 2013 15:30
george, I didnt lose money on gold tother day, long trade went $2500 into profit and I let the trade come all the way back b/e stop level. I forgot to trail my stop. How stoopid is that !
DaveO
N.Cornwall, UK
Posts: 5733
11 years ago
Jan 11, 2013 0:59
Where you been Georgie, we missed you.
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