Monday, December 07, 2009

GLD - 34 min

Earlier today I posted a couple of GLD charts for prespective on what could be a major trend change in process.   Below is an intraday 34 minute chart for further clarification and a potential Advanced GET Type #1 mechanical trade set-up:

Wave 5 Sell Signal Set-up

I am substituting an ATR Sell signal for the more orthodox Wave 4 trend channel break to trigger the Short here.  In other words, a drop below 112.95 on GLD will suggest new lows for this move.  A break above 116 instead suggests my head is up my ass on this one.


1 comment:

Anonymous said...

Make sure you have clean underwear on!