Crash is a very strong word, but accurate

Discussion in 'Trading' started by pfch1977, Dec 24, 2007.

  1. pfch1977

    pfch1977

    Next lets look at GOLD. Its funneling itself into a triangle and now at the apex where price has to make a decision on the trend. The trend is no longer clearly up nor is it down. An event can make it easily fall causing a price collapse on the INDU.
     
    #11     Dec 24, 2007
  2. :D


     
    #12     Dec 24, 2007
  3. pfch1977

    pfch1977

    Then comes the ten year yield. If this chart was of any equity then you would be in there in a heartbeat. Its obvious that a double bottom has been put-in. If the TNX rises, then gold falls. If gold falls, oil falls. If the TNX rises, then the dollar rises.

    If the dollar rises, then all of the components on the INDU will feel some pain.
     
    #13     Dec 24, 2007
  4. Ahem....(cough)
     
    #14     Dec 24, 2007
  5. dozu888

    dozu888

    opinions are like azzholes..... everybody has 1
     
    #15     Dec 25, 2007
  6. Big AAPL

    Big AAPL

    What exactly are you trying to sell here?
     
    #16     Dec 25, 2007
  7. The most harmless panics are those that were "obvious".
     
    #17     Dec 25, 2007
  8. bgp

    bgp

    pfch1977 good posts.

    bgp
     
    #19     Dec 25, 2007