Tuesday, April 5, 2011

That's a more, eh!

As I wrote in Quick Takes Pro (shameless marketing opp) a few days ago, I have never seen a quadruple or more top. This pattern in the gold ETF is either a sextuple top, which does not exist, or a rectangle or even a rectangle with handle. Gold to 1550 next.

2 comments:

patrick neid said...

from a FB post on Mar 11---still looking for 21,22, 23 etc

http://www.bespokeinvest.com/thinkbig/2011/3/10/which-way-is-gold-going-to-go.html

Quick Takes Pro said...

Ed Carlson commented on that page saying it was not a "three-peaks and a domed house" pattern. Ed's book on the topic is now in edit at the publisher