The Big Channels - Gold

By: readtheticker | Tue, Mar 18, 2014
Print Email

If you do not have multi decade price channels, you are looking at the trees with out seeing the forest.

readtheticker.com has data for the most critical symbols back 50 to 100 years or more!

From Yahoo Finance, a narrow view.

The lest decade, below. This is a screaming bullish chart. Gold bounced off the lower channel, yes this is short covering of very large short positions. but now we wait for momentum hedge fund traders to buy the dip (or test) of the lower channel line. And they will !!

GLD Gold Trust Fund
Larger Image

Long term. The big channels matter!

GLD - Long term chart
Larger Image

Investing Quote

"Tape reading is rapid-fire horse sense...The Tape Reader aims to make deductions from each succeeding transaction -- every shift of the market kaleidoscope; to grasp a new situation, force it lightning-like through the weighing machine of the brain and to reach a decision which will be acted upon with coolness and precision" ~ Richard D Wyckoff

"The four most dangerous words in investing are 'This time it's different' " ~ John Templeton

 


 

readtheticker

Author: readtheticker

readtheticker
www.readtheticker.com/
www.readtheticker.com/Pages/Blog1.aspx

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

LEGAL DISCLAIMER: The material is presented for educational purposes only and may contain errors or omissions and are subject to change without notice. Readtheticker.com (or 'RTT') members and or associates are NOT responsible for any actions you may take on any comments, advice,annotations or advertisement presented in this content. This material is not presented to be a recommendation to buy or sell any financial instrument (including but not limited to stocks, forex, options, bonds or futures, on any exchange in the world) or as 'investment advice'. Readtheticker.com members may have a position in any company or security mentioned herein.

Copyright © 2011-2014 readtheticker.com

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/