Posted by: rp on the 13th of Dec 2011 at 12:42 pm
to follow-up from yesterday’s post, GLD is so far following thru today to yesterday’s channel breakdown. nothing is ever a sure thing but it should be a green light to short GLD here, maybe allowing for a re-test to add a 2nd lot, with appropriate stops. a confirming sell signal would be a close below the trendline on the weekly chart posted yesterday, and that weekly swing target is marked on that chart (click on the link to that thread near the top of this post to view).
