Great stuff Jako.
I've not dusted this old girl off for some time - still ugly, but I just can't part with her.
I also left the blue on in because it was one of the puzzling indicators that was telling me that gold should go up.
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Somebody asked me to do a BDR chart the other day and I had a bit of a look at gold then. I thought it should go up according to the charts but it just seemed that the world was against it occurring at the time. I worded it along the lines of "might herald a significant upward move", yet even Oscar Carboni was looking to short gold at the time so I felt a bit silly writing something vaguely positive.
Well, the charts were right! Stick that in your 'charts are all crap' face...
Will we get a Hagopian slingshot out of that blue fork? Guess we'll find out next week.
How about the dollar? Is this setup for an impending collapse?
Those R lines come from 2004-2006. Uncanny that price would bump the 2nd last line and now close under it - closing under it can't be good, at least not to my eyes. The black down-sloper isn't going to help here either. Moreover, there is unquestionably a double top evident here - a possible down move to 84 if the support you mention at 92/93 collapses. SCARY STUFF.
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More later I hope.
Cheers,
Toasty.
(20min delay)
