Replies to post #33924 on GOLDBUGS AMEX Goldbugs Index (GOLD)

[dealerschool2006]

YA, I have a thought, anyone can create a caricature out of charts to back up the direction they think a security is headed...just like March to May looks like a bearish pendant breakdown...as much sense as we want to make of how something moves...we don't know JACK...now isn't that funny???

[Sparks111111]

I feel the same way as you.

Let's see if my chart works.
At least I'm actually betting on my own charts.

I keep it simple and don't use theories. A monkey can pick a stock more accurately than using gartley's or elliot waves.

I use patterns that have been tested over and over that have repetitive success rates of more than 65%

A falling wedge is a VERY accurate pattern and breaks out approx 80% of the time.