Friday, August 15, 2008

THE BIG PICTURE ENDING 8/15/08 GOLD RETRACES 75% OF MAJOR UPTREND CHANNEL


THE WAY IT CLOSED FOR THE WEEK


1:00PM PDST THE OVERVIEW LAST TWO DAYS


12:51PM PDST 80 MINUTES LEFT UNTIL THE MARKET CLOSES UNTIL SUNDAY AT 3PM PDST


11:38AM PDST A BETTER LOOK


11:30AM PDST GOLD BREAKS ABOVE TREND CHANNEL


10:18AM PDST 75% PULLBACK, OR GOING HIGHER?


10:18AM PDST

10:10AM PDST SECOND ATTEMPT TO BREAK UP AND OUT OF WHITE CHANNEL


9:50AM PDST GOLD POISED FOR TAKE OFF? WITH STRONG DOLLAR?


8:55AM PDST A PULLBACK THEN ON TO NEXT 75% POINT?


9:52AM PDST GOLD KEEPS ON GOING UP TO THE NEXT 75% POINT, NOW A PULLBACK AND HIGHER?


8:45AM PDST A PULLBACK ? THEN HIGHER


8:40AM PDST GOLD BREAKS OUT OF UP FLAG GOES DIRECTLY TO 75% RETRACE AND KEEPS GOING UP


7:43AM PDST GOLD BREAKS DOWN AGAIN


7:20AM PDST TRENDLINES RE-DRAWN


7:15AM PDST 75% RETRACE POINT AT 78470 COINCIDES WITH TOP WHITE LINE OF DOWN TREND CHANNEL- AN AREA OF SUPPORT


7:07AM PDST GOLD BREAKS UP FROM ONE CHANNEL (WHITE) AND FINDS RESISTANCE AT THE OTHER (BLUE)


6:39AM PDST GOLD FALLS BELOW THE UPTREND CHANNEL


6:28AM PDST HOW FAR DOWN WILL THE PULLBACK GO?


5:46AM PDST GOLD STILL RISING


5:30 AM PDST THE CLOSE LOOK


5:27AM PDST THE BIG RETRACEMENT RALLY?


4:58 AM PDST A TWENTY DOLLARS RISE FROM 7777...NOW THE SELL OFF ENTERING NEW YORK


5:52AM PDST 7777? FOUR "LUCKY" SEVENS?


4:48AM PDST GOLD FALLS TO 7777...A SIGN? TOO WEIRD!