en.wikipedia.org
The Late Roger Babson allegedly predicted the 1929 crash and hence made what was probably the trade of last century. It would be the equivalent of a billion dollar trade in today's market.
Dr Alan Andrews later took his mentor's concepts, which related to Newtonian physics and devised the Action-Reaction method of technical analysis;...
Similar setup for the GU, as you can see it is forming a "Head and shoulders pattern" (I don't trade chart patterns) . Price is moving in a very organized way and that's curious to see. Hope you like me analysis even though it is hard to understand xD.
Feel free to ask me anything about my analysis :D.
This chart is based on Alan Andrews' Action-Reaction Principle. Price will tend to react up or down on the black diagonal lines. Also significant are the patterns. Notice how the bull market that peaked in 1980 looks very similar to the gold bull market that peaked in 2011. Given where the gold market is in the cycle - with a right shoulder formed - the market...
