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S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,220.00
(
-0.20%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
0.00%
)
Bitcoin
64,381.30
(
0.21%
)
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techcharter

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techcharter

Re: None

Thursday, 02/03/2011 3:53:11 PM

Thursday, February 03, 2011 3:53:11 PM

Post# of 51804
Gold ETF Short Term E-wave

Over the last week the gold ETF entered a corrective move, a zig-zag. wave b separating zig from zag was a triangle which ended early this morning. From today's lows, the price shot up, so that wave a = wave c. Since triangles signal one more move of the larger trend, the top in GLD should be in very soon. Look for a sideways move or drop in gold prices over the next week or two.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=gld&time=&freq=
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