Commence with Gratitude to The Creator, The Ultimate Knower
Earlier today, I had issued an intra-day UPDATE on Gold Commodity. GLD squared the price cycle today at the high price of the day. Later it exhibited the price pattern, which confirmed the squaring of the price cycle. I, thus entered short by buying puts options. Furthermore, my analysis was confirmed because, it, today again, failed to break above the resistance set forth by the Price Time Cycle, which has been dominant in Gold since low in April 09 (see chart posted last night). I am still convinced that price must gap and gap has to be downward. These Price/Time Cycles act like the rubber band. If price keeps pressing again the resistance set forth by the Price/Time Cycles for long time, then it shall push away the prices in either direction with force. (I shall post an updated chart later this evening) Charts posted at 10.52 PST.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
If you have entered short, then, you are pretty sure about this!!!
Let's see what happens tomorrow.
I would call you guru, if gold drops tomorrow. LOL