"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

Monday, August 8, 2011

Recent history repeating?

If I were a trapped stock market participant, I would be hoping for something similar to what happened in 2008, when the market put in a topping pattern, dropped like a stone, found support at the EMA 200 and offered casino patrons one last exit out of the establishment with a rise to test the topping structure.  That is what I would be hoping for.

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