Look at the daily chart. In the past, GLD pulled back close to ma-50 then bounced back up. RSI is at 47.63 at close, pulled back quickly from overbought to oversold. RSI at this level has been at the bottom in the past. Many gold stocks still have gaps above that haven;t been tested/filled such as NEM ABX. Traded RIMM AAPL today. RIMM needs to break $65.15 to go higher. Forming a W or a channel??
dude you cannot look at stocks ( esp. ETF) alone you must look at the whole world around you this gazillionaire surely does not look at a stock and say oh .. it needs to fill a gap www.black-and-right.com/wp-content/uploads/2008/07/george_soros.jpg
Hi Here is GLD price/time targets... http://www.elitetrader.com/vb/showt...2&perpage=6&highlight=suri gold&pagenumber=10 Parabolic and Inv. H&S Charts on Gold http://www.elitetrader.com/vb/showt...22&perpage=6&highlight=suri gold&pagenumber=9 Regards, Suri