GOLD - Randgold Resources - Daily - Overbought but bullish Long

Description

⋅ Jan 5, 2015 7:25 PM

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

Comments

timwest

⋅ Jan 15, 2015 1:43 PM

One of my better trade recommendations...

IvanLabrie

⋅ Jan 15, 2015 1:50 PM

Beautiful, can't go wrong with your methodology. Wise trader gentlemen, listen to what this man says.

timwest

⋅ Jan 5, 2015 7:29 PM

Here's what we could see -

Smarttrade1st

⋅ Jan 7, 2015 10:35 PM

Time to short it?

timwest

⋅ Jan 8, 2015 3:14 PM

Funny question - no - I'm bullish - looking for much higher prices

timwest

⋅ Jan 8, 2015 3:15 PM

The pattern seems to be alternating between top and continuation.

timwest

⋅ Jan 9, 2015 3:45 PM

Going well so far...