Saturday, June 26, 2010

The Quicksand Trap and the Gold Parabola

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With all the conjecture I hear that gold is about to begin the 2nd phase of its C wave (which is usually a parabolic affair), I thought I would investigate just how that may be possible.
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And, by golly, I just may have found something.
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Quicksand.  A region of price with very little past volume, few trades, gaps in price and therefore, little resistance.  I did not expect to find this, but there it is.
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Take a look!
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Click on the chart to ENLARGE

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