Gold on BUY alert? Inverted Head and Shoulders pattern / Elliot wave count

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, It’s been another crazy choppy week. Like I said, the bailout plan is only temporary, if those who have heed my warning on bailing yourself out before the window closes when DOW is making 500 pts advance, congratulations. 700 billion is way too little to save wall street, it is only enough t […]

Hi Traders, It's been another crazy choppy week. Like I said, the bailout plan is only temporary, if those who have heed my warning on bailing yourself out before the window closes when DOW is making 500 pts advance, congratulations. 700 billion is way too little to save wall street, it is only enough t feed the fat cats in wall street. So what's next? I told my friends that the DOW will break 10k, all I get is laughter and mocking ... Read More

How long does it takes to learn to trade forex?

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, it’s another week, another monday, another opportunity to make some money. I am sure everyone in the world will be shocked by the filling of bankruptcy by Lehman Brothers. Just imagine Lehman Brothers which is able to withstand the onslaught of the railroad bankruptcies, the great depression, But it cannot escape the crutches […]

Hi Traders, it's another week, another monday, another opportunity to make some money. I am sure everyone in the world will be shocked by the filling of bankruptcy by Lehman Brothers. Just imagine Lehman Brothers which is able to withstand the onslaught of the railroad bankruptcies, the great depression, But it cannot escape the crutches of this sub-prime crisis, I really fear that more is coming and this is not the end. Anyway, I have readers like Li and some others that have ... Read More

Gold holding or not?

Categories: Daily Technical Analysis Tips and Picks

Hi Traders, have you seen the gold price lately? I hope that will not give you a heart attack. I have wrote previously that the $771 is a very very important support, if gold price ever break this support it will be a gone case. But let me shine some light in this gloomy picture. […]

Hi Traders, have you seen the gold price lately? I hope that will not give you a heart attack. I have wrote previously that the $771 is a very very important support, if gold price ever break this support it will be a gone case. But let me shine some light in this gloomy picture. Let us now pull out the Weekly chart of gold price.... I see a Butterfly pattern, this butterfly chart pattern is a price reversal  chart pattern, which means ... Read More