"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Friday, October 8, 2010

DIAmond

Here is an old chart used as a guide not to be bearish until the Diamond pattern gave a clue.  This consolidation pattern is neither bullish nor bearish, but the direction it breaks out dictates the new trend.  Bullish still.