| Followers | 192 |
| Posts | 41494 |
| Boards Moderated | 1 |
| Alias Born | 10/29/2007 |
Saturday, August 04, 2012 10:17:06 AM
AU Daily Chart
I have to reiterate here...regardless of what this seems to be, it's not a precursor to a big rally, at least from what I can see right now.
With progressively higher highs in price, you would think any indicator would be moving up as well. But the TDI is showing that buying pressure is getting lighter, not stronger, on each rally back to the top trendline.
That's a setup gang...AU will take a dive soon.
Of course, I've been wrong before...if I am this time, it's not the first and it won't be the last...LOL! But from a technical standpoint, this can't hold up.
I have to reiterate here...regardless of what this seems to be, it's not a precursor to a big rally, at least from what I can see right now.
With progressively higher highs in price, you would think any indicator would be moving up as well. But the TDI is showing that buying pressure is getting lighter, not stronger, on each rally back to the top trendline.
That's a setup gang...AU will take a dive soon.
Of course, I've been wrong before...if I am this time, it's not the first and it won't be the last...LOL! But from a technical standpoint, this can't hold up.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
