"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

Wednesday, August 3, 2011

Hammer Time?

I am seeing Hammers show up all over the place.  When they come after sustained down trends they can trigger a rally.  The projected rebound area is shaded at roughly the 50 day moving average. 

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at 8/03/2011 01:56:00 PM
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