RE: US Stocks - Watchlist and Discussion
Gold - The initial pullback in Stage 2A continues, and has touched the 10 week MA this week. The pullback continues to be orderly, and on lower volume than the breakout, so watch for the secondary entry point to form, which could happen very soon, especially if the broad market starts to pullback.
The point and figure chart of GLD has made it's first reversal to a column of Os since the Stage 2A breakout at the long term downtrend line, and so the P&F price objective is now set at $163.00. A reversal back to Xs would be at $122 currently, and would give a very good R/R of almost 7x risk.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.