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Greeting Traders:
Gold yesterday's powerful up move was caused by an intraday Butterfly
Harmonic pattern; currently, the rally of Gold is halted by a downward
sloping Daily pitchfork; possibility of another down move is at sight in
response to the said Daily pitchfork. The overall long-term posture of Gold
is one of bullishness as depicted on the Daily chart; this upward sloping
fork has NOT been tested yet of its validity. A decline to its Lower Median
Line would be an ideal setup to monitor of its validity and act accordingly
for the bullish scenario. Attached is the 60-min and Daily spot gold
charts. Take care.
Have a good one
Jeff Harteam
-----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On
Behalf Of chaze
Sent: Thursday, September 18, 2008 8:55 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [RT] gold
Ben-
Any chance we can view your gold charts? If this is a sub
that's OK; I understand.
Best regards,
Chas
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Attachment:
Median line 09182008 (1).jpg
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Attachment:
Median line 09182008 (2).jpg
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