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Re: High wire acts in the wind
posted on
Jan 31, 2010 11:59PM
"[2] If gold breakes below and closes below $1074 then we have a A-B-C pattern from 12/3/09 and expect $1025-1050 for a buy point. This would indicate a more labored advance to $1170-1190, and new highs would likely not come until the latter part of 2010. This would put Sinclair in a pickle with his bet/target."
Pic, please clarify the above. Is it merely tomorrow we need to worry about gold closing below 1074, or is any daily close over the next 3--5 days of under 1074 a bad sign?
