Thursday, March 1, 2012

1st March 2012 – Pattern Study – The news follow the chart

temp Ticker:

 

  1. ZSL, SLV, GLD, GLL

 

Topic:

 

  1. The news follow the chart.
  1. Fast and Furious!

 

Lesson Learnt:

 

  1. Double top at SLV.
  2. Double bottom at ZSL daily chart.
  3. Bernanke was out giving speech. Such a coincidence! ---- Again, the news follow the chart.
  4. Warren Buffett stated in his report that "Gold is not an Investment !" ---- Another proof of the news follow the chart.
  5. The trade was fast and furious. Volume is huge. There is totally no time to hesitate if you want the trade.

 

Intraday Chart

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Historical Chart

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