Interesting GLD Pattern Could Mean A Rebound Today


My view:

 This is the pattern to watch over the next couple of days.

 In the past (vertical lines) such oversold conditions led to a substantial rally.

 If we don't get a rally, look out below.

Comments

  1. BillNovember 13, 2013 at 8:59 AM

    PW Icahn was buying RIG with both hand yesterday mostly blocks of calls in the Nov 16 and Jan ..$48 to $50 area small tip...I'm sitting in the 57.50 January bought at .90 yesterday, today 1.13

    Best of luck

    ReplyDelete
  2. PW BaileyNovember 13, 2013 at 6:02 PM

    Nice trade Bill!

    ReplyDelete

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