"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

Thursday, December 8, 2011

For months on end...

For months on end in 2010 I was a moth staring at a light as the gold-silver ratio formed a beautiful bottoming pattern that was eventually blown up by a Central Banker and his QE2 policy.  It was fine, this CB'er made me a good profit that year as I was able to immediately drop the risk management regimen that was in place until the pattern broke down.

So for months on end I took the aggravation and eventually found success.  So I guess I can take this very annoying time period measured in weeks, not months.  These creeps will announce some kind of lame brained policy doomed to failure and the markets will either go up or down.  What we do know is that they will go in the opposite direction of the still undecided GSR, which by the way retains its bullish looking orientation (with a questionable MACD).

With the markets you need patience, perspective and oh yeh, a good amount of stamina.

http://www.biiwii.blogspot.com
http://www.biiwii.com

1 comment:

  1. Lots of lower gaps to fill... question is when if ever?

    ReplyDelete