Tuesday, 23 August 2011

Gold - death zone rally 7 weeks/7 days ?

 blow-off type moves often last 7 days (or  weeks),this is Gann's death zone cycle of termination.Not saying this is one but something to watch should we reverse sharply.This move is both 7 days AND 7 weeks




 I want to stress I am not a bear of gold but a correction,possibly sharp remains possible
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3 comments:

  1. The Hook23 August 2011 at 13:33

    Gold got cut in half in 1975/1976, why would this time be any different.

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  2. Anonymous23 August 2011 at 22:11

    A couple of articles from the Market Oracle last weekend.

    http://www.marketoracle.co.uk/Article29994.html

    http://www.marketoracle.co.uk/Article29964.html

    http://www.marketoracle.co.uk/Article29995.html

    http://www.marketoracle.co.uk/Article29855.html

    ReplyDelete
  3. Chartrambler23 August 2011 at 23:12

    because folks still had confidence in the dollar,the deutschemark,the franc,the yen etc in 1975 and we didnt have idiots running the Fed ?

    ReplyDelete