Thursday, March 14, 2013

Rally in GLD - orange it is

GLD instead of blasting off into space in the blue count mentioned here [link] chose to take the orange count where it will burn some Theta. If you are bullish, this is your best bet.

On the other hand, one can also see a triangle develop now that could be the 4th wave before the 5th wave takes the price down further. If so, it could be well into April before GLD turns back up again.

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