Share
4,594 Posts.
lightbulb Created with Sketch. 177
clock Created with Sketch.
25/11/15
19:10
Share
Originally posted by Rhodes
↑
Orwell the lines are all fans, no trendlines on that chart. The dotted are 1x1 and the solid reds are 1x2 / 2x1. I've deleted the rest to keep the chart clean. When price drops below the 1x1 and puts in a low on the lower fan I run a new set of fans out from that low to see if it will support price. If it does it suggests the trend is accelerating. It hasn't in this case. The 120 could be a high as well and it doesn't bottom until further out, let price dictate direction, but if Gold bottoms at the same time and NCM puts in a low at 120 it could be significant, even if it doesn't drop below the Dec 2013 pivot.. The other scenario is Gold just trends sideways in a range for several years like it did after 1980, taking Gold producers with it.
Just my 2c.
Expand
Great work Rhodes that a for sharing, hope you can hang around. This thread has really got some quality posts.....With all the brains around here and my good looks we could make a lot of money!