Gratitude to The All-Knower for the Blessings of Knowledge;
For the last 2 days, I have stated that GLD price has been trapped by the confluence of Price and Time Cycle angular trend-lines. Therefore, I was expecting a strong move from this zone. Today, GLD gapped down and was 1% plus off the yesterday’s high. It still needs to break below the trend-line starting from the Feb 5th low. If it cannot break below the trend-line then, we may see the move in the opposite direction.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Excellent Call,
I must say you do have some good vibes about the markets.
I was the one making a GURU joke with you yesterday.
You're good.
Do not see how you can feel that GLD may break to upside as gold has been traveling lock-step with Dow/SPX. If down trend is expected do not see how GLD may rise if still in harmony with MM. Are you planning on issuing any individual stocks to have on the shortside/put options on any time soon?
Hal