christopherbrecher

GLD setting up for 120's or 200.

AMEX:GLD   SPDR GOLD SHARES
237 4 0
GLD             is approaching 2 very important trendlines .
Maybe a break to 150ish, but that's about as low as she'll go. There are certain asian interests that buy big around that number. More importantly, the 200 ma is at 161 which will lend support if she can get above it. Why do track the 245ma? Never heard of that one being used. 200ma is far more common.
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I have been using 245 lately, because they seem to fit the charts I have been watching. Mostly i use it for AAPL.
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After my last comment, I went over the 200ema versus simple m.a. For AAPL a 200 simple m.a. works better. For gld, an 200 E.M.A. fits better.
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As an aside, I track all of the same MAs as you, including the 99 instead of the 100. I use the 10/20 crosses as a short term trend indicator.
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