Tuesday, February 24, 2009

Bullion - Head & Shoulder Pattern Updates


Gold has broken the Neck Line & touched the upper band & is reacting.
If Gold retraces back to the neck line & moves up again, probability is it will move ahead of all time high.
With Re weak against Dollar, there is a double impact in Indian market.
People, especially women are selling gold ornaments to cash in on the rally. But is it prudent?
Is this the top or we are still in the middle of a rally? :-)
International Elliot Wave Gurus has something else to say.
Well, more in the next post.
Please go through Disclaimer on this blog.

Disclosure: I may have position in above said stocks/Commodity for myself/ family members / friends.

1 comment:

Lily said...

Hi Minesh
Its wonderful piece of information in the time of Market crisis i would be following your blog and mostly updating the same on my blog cause the details which you provide are indepth analysis.