getting closer to the end of the wedge.Im still leaning to one more down leg before the next bull move,but far from confident.The fan line actio does not look bullish,nor the action of the 200 dma (not shown) Keep an eye on the 12 month anniversaries of the 2 tops last summer,kicking in late Aug,early Sep.My best guess is these might mark a spike low but it is only a guess !
Thursday, 9 August 2012
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Late Oct 2012 low, for gold/metals, then soar, is my bet. How can the SPX 500 go to 1550 with gold at say 1600, is what confuses me.
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