Friday, November 27, 2009

Charting Highlighs post "Doo-Bye"

Remember the Perfect Alignment from Nov. 16. It seems like Mr. Market has read the blog......
Fact is that the this FIBO TIME & PRICE setup is still holding.



Gold seems to defy gravity. Apart from that it seems interesting to observe that the GLD (GOLD ETF) paused or reversed right in the middle of the blue channel, at the top of the minor orange channel and right in my Fib-Zone (based on symmetry comparisons from recent impulses).

And look at our CHINA ETF that seems to have lost its footing or in other words broke down.


.....maybe Mr Market just took "Doo-Bye" incident as an excuse to open the excess valve in order to leave some pressure off. The next weeks will be interesting to follow.

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