[EMAIL PROTECTED] wrote:
http://futures.tradingcharts.com/chart/GD/W
world's biggest "pennant" or "flag" formation coming to a point...?
"its all in the charts"
Lower lows and lower highs. It's a beautiful site.
Bob
You reckon it could happen Bob?
I've noticed, though, that "flags" usually signify a coming sharp
break EITHER up or down. (But it looks like up to me.)
I think one "big picture" way to look at this chart:
http://futures.tradingcharts.com/chart/GD/W
is just that: back in Oct 2000 there was massive upwards price
pressure; the last 5 1/2 months has just been B.S. while that got
sorted out, and now it will head up again.
A bolder version of myself would call a low now... :)
jp
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