timwest
Long

GOLD - Randgold Resources - Daily - Overbought but bullish

NASDAQ:GOLD   RANDGOLD RES LTD
687 7 9
Back and forth pattern of overbought readings leading to a continuation move or leading to a top.

January = Continuation. April = Top.
June = Continuation. November = Top.
January = ______.

The "reset" means the market made it to "oversold" before another signal can set up.

Tim 2:24PM EST 1/5/2015
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Here's what we could see -
snapshot
+1 Reply
Time to short it?
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timwest PRO Smarttrade1st
Funny question - no - I'm bullish - looking for much higher prices
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timwest PRO Smarttrade1st
The pattern seems to be alternating between top and continuation.
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Going well so far...
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One of my better trade recommendations...
+1 Reply
Beautiful, can't go wrong with your methodology. Wise trader gentlemen, listen to what this man says.
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