You can hedge you'r risk by compare a random financial with Gold.
for example: ING (orange) versus GOLD, BATS
when ING is going down, Gold is upwards. Turned around the same.
WARNING! configurate you'r stoplosses and take profits
Latest example of charts. you have a complex h/s within a longer term H/S currently at Neck line. I would NOT be ing this right now nor would i be holding as a h/s can be the most aggressive of bearish moves possible. #GLTA
Not much into harmonic theory, but this is a clear AB=CD pattern.
Strong correlation between price action and downwards pitchfork.
RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
+ If close higher 78,8 on good volume and stay on day long trend higher 80
open potential moove DT (double top)
and than open road to new top 84 - 86 - 90 - 95 (60%)
- If close low 74 , trgt - 70 (40%)
52-Week Change3: 13.62%
S&P500 52-Week Change3: 13.59%
52-Week High ...