Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category

Save Your Guesses: Here's Where Stocks Are Going

IMG Auteur
 
 
Published : February 15th, 2017
257 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Technical Analysis

24hGold - Save Your Guesses: H...

Buyers exceeded my 2333.75 minimum upside objective by a decisive four points on Tuesday, meaning it's time to raise our sights.  We need only slide down to a new point 'A' - in this case, a 2177.00 low recorded on December 5 (see inset) - to produce a fresh target at 2384.75 noted here earlier. That would equate to a Dow rally of about 450 points, which is no big deal these days, especially if it occurs over the course of a week. This target should work, and very precisely. This means that: 1) I am confident it will be achieved; and 2) there is likely to be a tradable pullback from it, give or take no more than a point or two. There is a possibility that the actual high will occur at 2387.50, since there's a slightly lower, alternative point 'A' available on the chart.  This is a small matter, however, since either target will provide a basis for trading with a bullish bias at least until the lower number is reached. In the meantime, we may decide to use a pullback to p or p2 to set up a mechanical entry, so stay tuned to the chat room and The Scoreboard if you're keen on trading this vehicle. If you don't subscribe, click here for two weeks' free access to Rick's Picks, including daily, actionable 'touts', round-the-clock updates, impromptu tech analysis sessions online, and a chat room that draws experienced traders from around the world at all hours of the day and night.


|
Data and Statistics for these countries : Georgia | All
Gold and Silver Prices for these countries : Georgia | All
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Rick Ackerman is the editor of Rick’s Picks, a daily trading newsletter and intraday advisory packed with detailed strategies, fresh ideas and plain old horse sense.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Absent Without Leave
21 JunS W.
Bail ins for sure. It was agreed at the G20 in Brisbane. You are not really a share holder. You are an unsecured creditor to the bank a...
Absent Without Leave
19 JunJ.3
Perhaps all the international shenanigans are the smoke and mirrors intended to obfuscate the view of the looming financial catastrophe. When the ...
Gold Price Cuts Post-UK Election Loss, ETF Investors Sell, Nasdaq D...
16 JunSam Maher
"the SPDR Gold Trust (NYSEArca:GLD) – saw its sharpest liquidation since March in the week-ending Thursday, with shareholders cutting the fund's si...
Things To Come
13 Junkevthorne3
If voting for 'parties' actually made a difference they would have not legalised it. Since 1914, it's been the supply of currency that has governed...
Things To Come
12 Jun Roygbiv0
And JHK ruined your life because he then voted for Obamba ? For Jim C.
Things To Come
12 JunJim C.-1
Surely Kunstler cannot be ignorant of economics, of the direct correlation between the production of wealth and Capitalism, and the subsequent crea...
The Escape from Collectivism - Jeff Thomas
10 Junsam_site-2
As I said before, collectivism depends on handicapping the public to create a nation of clinging, helpless, entitled patients and is a top priority...
The Government Is Desperate To Re-Stimulate Housing Sales - Dave Kr...
09 Junmlyons1
While they are picturesque, the Canadian Federal Parliament buildings (shown in the picture) have little connection with an article related to the ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS