Wednesday, January 28, 2009

Hopes & Fears

Well if we are going to discuss timing, we need to look at the graphic record.

Us gold enthusiasts tend to get carried away and the FORCE [ green & brown, behind price ], shows how wound up we get. I guess we can let go here, until we get down to a corrected level. You can see the MACD is wandering, but in DownTrend. Williams % of RANGE, is a measurement of where the stock is, within its Range of the last 2 weeks.
Essentially it has entered an OVERBOUGHT position and is gonna work it off [ IMO ]
as it 'eases on down the road'. The Indicators can be interpreted but they arent rocket science.
Let me know if you'd like Educational Consulting, and Good Luck,