Re: tre long term chart
in response to
by
posted on
Apr 13, 2011 01:10PM
Edit this title from the Fast Facts Section
Interesting charts.
I take it that the curves are French curves. You are placing a lot of weight on the notion that the price action will follow straight up the French curve.
Have you done any chart say of a weekly or monthly time frame?
This is the first time since I've been on this forum that anyone has taken a stand on their charting. Well done.
Still, TRE is at a very pivotal point where it is within a millimeter's length of heading down to 5. This is the time right now where it needs to declare itself or down to 5 we go. The French curve concept is intriguing although it would be nice to see the charting in weekly and monthly increments.
While it is possible that this could happen, that assumes that somehow the summer drop in gold will not be in effect this summer. That is possible since it has happened once for TRE but the odds are not in its favor. If you read Martin Armstrong's latest article he has stated that if we over shoot gold to 1750 and it goes back down to only 1500 on reaction then it is straight to 5000 we go. June is the time frame for the setup. If that is the case then I can see where TRE might start reflecting that reality. TRE is full of cloak and dagger intrigue.
Still, I'm still sitting on 55,000 shares.
The charting is intriguing. It's a good basis for discussion as to what the hell is going on.
Again, well done.