Posted on September 3, 2009 at 3:01pm
Yesterday we had a breakout above the symmetrical triangle in GLD. Today GLD gained even more, pushing up to what may be a head and shoulders neckline. Should it rise above 98.00, we may be seeing a buy signal of major proportions.
Let me step back a moment and say that in an earlier blog, I had mentioned the probability was good for a decline, or a false break, before the rally, "First the Pain, then the Gain." The market likes prove… Continue