AI
Wednesday, August 14, 2013 4:59:13 PM
GLD expecting long term low to occur in early 2014, but that is just opinion based on 22 month cyclic pattern.
Channels are shown on the daily; mkt has made temp bottom and rallied to top of 125day channel, then failed(?) and tried again to make new high. Regardless of success or failure in that attempt, the OBV shows substantial selling on the rally and that raises the chances of resumed downtrend (into Jan14?).
Channels are shown on the daily; mkt has made temp bottom and rallied to top of 125day channel, then failed(?) and tried again to make new high. Regardless of success or failure in that attempt, the OBV shows substantial selling on the rally and that raises the chances of resumed downtrend (into Jan14?).
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