AI
Tuesday, January 06, 2009 12:59:14 PM
GLD:
-a swing trade (chart 1). Any opinion? One could stay only in puts if a down trend is confirmed…
-an attempt to time it (chart2). Hurst cycles (purple) and Fibonacci time extensions of a recent UP trend (yellow), which produced a nest of lows. Interestingly, the dominant Hurst cycle appears here to be 300 days and not exactly 1 year - as the popular wisdom wants it to be: Chinese New Year, wedding cycles…
-a swing trade (chart 1). Any opinion? One could stay only in puts if a down trend is confirmed…
-an attempt to time it (chart2). Hurst cycles (purple) and Fibonacci time extensions of a recent UP trend (yellow), which produced a nest of lows. Interestingly, the dominant Hurst cycle appears here to be 300 days and not exactly 1 year - as the popular wisdom wants it to be: Chinese New Year, wedding cycles…
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
