Sensex

Thursday, November 26, 2009

Re: [Technical-Investor] Gold update

 

HI Vinay,


I dont track gold but purely from TA perspective, in 45 degree and upward upmoves
indicators can stay in overbought or over sold conditions for a long long time and
hence are not reliable. In trending times, the tools of TA are trend following tools
like ADX, MACD, BBs, trendline breakdowns, Moving Average crossovers and chart
patterns along with volatility indicators like ATR.

Cheers
Pankaj   

On Thu, Nov 26, 2009 at 11:49 PM, Vinay Garg <vinay_garg@airtelmail.in> wrote:
 

Dear all

 

Gold should correct significantly. All indicators are in O/B position in Daily/weekly/hrly charts. Also please note the discount of over 50 points in Gold and GoldM of Say Dec. The It has been that way for quite sometime now. Same is building in the Feb Contracts too. Looks like traders are long in GoldM and shorting Gold (Big). Correct me if I am off the track

 

Regards

Vinay

 

From: Technical-Investor@yahoogroups.com [mailto:Technical-Investor@yahoogroups.com] On Behalf Of BALASUBRAMANIAM SRIRAM
Sent: 26/11/2009 8:43 AM


To: Technical-Investor@yahoogroups.com
Subject: RE: [Technical-Investor] Gold update

 

Watch the rising channel break....$1200 here she comes. 

 

Another chapter in the annals of the Prechter coast as followers are dashed upon the rocks scrambling for any nugget of gold they can gather. To all that ascribe to the EW theory, I hope you are deeply capitalized to withstand your losses.

 

 

The INTERNET now has a personality. YOURS! See your Yahoo! Homepage.


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Posted by nsivaa at 6:29 PM

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