Replies to post #210692 on Zeev's Turnips Patch-No Politics (ZEEV)

[kahlua]

I actually am a fairly simple chart reader. I like p&f b/c it mutes most of the "noise" and just lets me focus on the big picture although i do know it has its drawbacks.... For gold, the short term picture is we are testing the quad top breakout from 396 and are possibly in the midst of a shakeout pattern (short term sell signal within a very bullish pattern remaining above the bullish support line)- the shakeout pattern would be broken if another sell signal is given at 376, until then I will be using a possible pullback to 380-385 or thereabouts over the next couple of weeks as a fairly good risk/reward buy to add to my gold holdings.

Regards