GOLD BUBBLE?
Time to be an Egyptian and PYRAMID! All that glitters is not GOLD. Is this the final hooraah on the upside? Resistance is formidable at $1700/oz. Short term target $1500/oz. Long term target $1000/oz by early 2012. Fundamental Reasons: 1- The European bubble is now under control. Would rather buy Greek bonds […]
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CORRELATION:The true relationship between technical indicators and price movement
My good friend and fellow mentor, Ken Chow, developed a trading technique he calls SuperStructure. It uses only price. No indicators at all. He and his students do quite well. But, success at SuperStructure requires a certain mathematical aptitude that not everyone has. I know I don’t have it. I need more visual cues […]
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