This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Wednesday, August 10, 2011
Gold : 10 Year chart
This is one super bullish chart. Went berserkely exponential.
looks like its going for the top of the channel.
Can't blame Soros for cashing out of his Gold position.
As it has surpass every elliot technical level.
Looks like its on a extended , extended 5th wave.
Exacerbated by the "Gold myth" ; Invest in Gold when all else goes crazy !
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