I understand that the two chartists on this thread are...

I understand that the two chartists on this thread are permabulls but sooner or later you have to see that your daily predictions are being proven wrong and that it's time to re-think your charting technique. I'm no charting expert but I do know that you can't just go drawing lines willy nilly to suit your own agenda, it doesn't work like that. With charting and trying to predict future price trends you have to remain 100% unbiased. I said a while back that the floor would be around 47.5 but now considering the macro environment (as mrssp also alluded to) we are currently in, I'm thinking more like low 40's where I'll be waiting to buy in again. p.s time to look at gold stocks me thinks...