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"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
It says TA sucks sometimes and should not be taken literally as if it has THE answers. It's good for probabilities. You know the other parameters from the newsletter. The 'lower low' scenario would be a bad one. But we haven't even broken the tri let alone made a lower low.
Gold was at a sym-tri line before, Gary. It broke down with vigour - look at December 2011. Then it came right back.
ReplyDeleteWhat does TA say about when you draw a sym-tri, it breaks, then you draw a longer sym-tri?
It says TA sucks sometimes and should not be taken literally as if it has THE answers. It's good for probabilities. You know the other parameters from the newsletter. The 'lower low' scenario would be a bad one. But we haven't even broken the tri let alone made a lower low.
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