Replies to post #4377 on MDA - Market Direction Analysis (MDA)

[ItsAllCyclical]

Need an opinion on the recent gold move. Looking at a 10 year chart of gold would the posters here classify the recent move off the lows as cup and handle or a rounded bottom?

Here is my reasoning:

http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=18464008

A crude 10 year chart for gold can be found here. Don't have my other links handy right now.

http://kitco.com/market/

[ajtj99]

Like the Mc Oscillator, your chart shows waves quite nicely. Last week's top had a nice 5-wave pattern into the top. Now in wave 1-down.