[isatrader]

Hi ISA,
I'd like to get back to beginner questions for a moment. I am wondering if you use stockcharts.com to find a double top breakout with P&F charts or if proreal time can perform the scan? I'm asking this question based on your post in the weekly Weinstein criteria forum. I don't think it's been mentioned elsewhere and I think it's an interesting method to use.

stockcharts.com is the only cheap scanner I know of that can do the double top breakout scans with P&F charts with the correct tradional scaling. The other more expensive option would be Dorsey Wrights P&F service which is dedicated to P&F. But stockcharts does the job for me.

Secondly I'd like to know your opinion on gold at the moment as most market news makes it seem that due to pending increase in US rates the price of gold will fall. I don't think that any of the gold stocks I'm watching have retreated to the 200 day moving average, but are close in some cases.

Gold imo is in the first significant pullback phase since it's Stage 2A breakout. This can often be quite extreme in early Stage 2, and will sometimes pullback all the way to the breakout level or even below it. So, although I'd prefer if it doesn't as I've got some nice gains from my gold trade, I'm going to be holding my investor position until it breaks the methods rules, as it's going to plan so far at least.

The gold stocks tend are a lot more volatile, and have run a long way since the start of the year. So I think that they could possibly pullback more as they've only pulled back a quarter of the rally from the low in the GDXJ for example. But we'll see, and hopefully they won't.