Monday, September 20, 2010

9/20 2:00

Chart showing possible triple-zigzag completion.

1 comment:

  1. Steve, I am following Gold and thought how nice it would be to have a all-time high in this metal, not confirmed by stock indices (far from their all time high). I noticed from a couple of weeks a nice 5-waves up count on the weekly chart, and a huge bearish wedge ending diagonal. Then, zooming on the 34-minutes chart, I see an ending 5-waves up count with a double or triple MACD divergence (ok, nothing exciting here) plus a modified Price Vol Trend divergence (much more interesting) and also an ending diagonal wedge. I believe a top is near for gold, no idea if this is THE top though. Thanks for sharing your work. Carl.