Thursday, February 26, 2009

THIS CHART SHOWS THE RETRACEMENT POINTS FOR THE ENTIRE UPTREND CHANNEL (blue lines)


Be aware of what has happened in the past five
years around this time of year. Gold gets whacked
BIG TIME down over $100 from the top, maybe more,
I don't have the numbers, but it was more than I could
withstand holding on to my longs for a rally.
When it finally came, I was down to my last ammunition
and didn't get to participate in many of the biggest
gold rallies in history...the kind that set you up for life.