Tuesday, June 12, 2012
NICE PATTERN ON GLD
I'm the first to admit/claim that all technical analysis loses most of its meaning in the face of massive government intervention/bank intervention in the markets.
But large Island Reversal Patterns have signaled imminent rises in gold even through this period of massive governemnt/bank intervention.
This is not a science. This is not a prediction. This is not a trading recommendation. Just an interesting chart occurrence. And one that I find particularly encouraging.