Wednesday, August 17, 2011

GLD Update

I'm not sure if I posted on this rising wedge or not yesterday, but I was expecting a breakout of the wedge to the $175 area or so, and then a failure.
 GLD's rising wedge, with a 1 min negative divergence. Didn't quite make $175, but close.

 The 2 min 3C chart


And the 15 min 3C chart, DZZ is looking pretty good right here.

No comments: