This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Sunday, 22 April 2012
I am not sure why gold stocks are so weak but the charts are clearly on sell at the moment
Key is in the monthly. Keep it simple there is no manipulation. We are in a monthly downtrend MACD 12 and the Slow Stoch. have crossed down.. What does this mean? A few months of downtrend until it crosses up so far gold is in trouble...
BTW... Weekly Slow Stoch. crossed down Sept 2011 (last time it was at overbought)and MACD 12 last cross down in October of 2011 and has not crossed up till FEB 2012 but continued down again
Key is in the monthly. Keep it simple there is no manipulation. We are in a monthly downtrend MACD 12 and the Slow Stoch. have crossed down.. What does this mean? A few months of downtrend until it crosses up so far gold is in trouble...
ReplyDeleteBTW... Weekly Slow Stoch. crossed down Sept 2011 (last time it was at overbought)and MACD 12 last cross down in October of 2011 and has not crossed up till FEB 2012 but continued down again
ReplyDelete