Home
About
Blog
Books
Contact
Donate
FAQ
Glossary
Privacy/Disclaimer
Site Map
Visual Index
What’s New
Subscribe to RSS feeds Bulkowski Blog via RSS

Support this site! Clicking the links (below) takes you to Amazon.com. If you buy ANYTHING, they pay for the referral. My books...
Encyclopedia of Chart Patterns 2nd Edition book.
Chart Patterns: After the Buy
Getting Started in Chart Patterns, Second Edition book.
Trading Basics: Evolution of a Trader book.
Fundamental Analysis and Position Trading: Evolution of a Trader book.
Swing and Day Trading: Evolution of a Trader book.
Visual Guide to Chart Patterns book.
Picture of Bumper.
Kindle
Picture of the head's law.
Kindle

Bulkowski's Blog Archive: GLD
Class Elliott Wave Fundamentals Psychology Quiz Studies Setups Software Tutorials More...
Busted
Patterns		 Candles Chart
Patterns		 Event
Patterns		 Small Patterns
As of 08/03/2020
  Indus: 26,664 +236.08 +0.9%  
  Trans: 10,012 +16.91 +0.2%  
  Utils: 822 -8.43 -1.0%  
  Nasdaq: 10,903 +157.53 +1.5%  
  S&P 500: 3,295 +23.49 +0.7%  
YTD
-6.6%  
-8.2%  
-6.5%  
 +21.5%  
 +2.0%  
  Targets    Overview: 07/31/2020  
  Up arrow28,150 or 25,000 by 08/15/2020
  Up arrow10,600 or 9,400 by 08/15/2020
  Up arrow870 or 800 by 08/15/2020
  Up arrow11,300 or 10,200 by 08/15/2020
  Up arrow3,355 or 3,100 by 08/15/2020
CPI (updated daily): Arrows on 6/29/20
As of 08/03/2020
  Indus: 26,664 +236.08 +0.9%  
  Trans: 10,012 +16.91 +0.2%  
  Utils: 822 -8.43 -1.0%  
  Nasdaq: 10,903 +157.53 +1.5%  
  S&P 500: 3,295 +23.49 +0.7%  
YTD
-6.6%  
-8.2%  
-6.5%  
 +21.5%  
 +2.0%  
  Targets    Overview: 07/31/2020  
  Up arrow28,150 or 25,000 by 08/15/2020
  Up arrow10,600 or 9,400 by 08/15/2020
  Up arrow870 or 800 by 08/15/2020
  Up arrow11,300 or 10,200 by 08/15/2020
  Up arrow3,355 or 3,100 by 08/15/2020
CPI (updated daily): Arrows on 6/29/20

Written by and copyright © 2005-2020 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners.

Blog Posting: February 22, 2008, Gold ETF (GLD)

The gold ETF

The ETF (exchange traded fund) shows what I thought a week ago was a head-and-shoulders top but it is not. Why? Because price never closed below the neckline. Instead, it morphed into a symmetrical triangle and broke out upward. Now, gold might -- just might -- be throwing back to the top triangle trendline before resuming the move up. I question that because lots of small candles occurred after the prior symmetrical triangle breakout and those did not result in a throwback. So, gold could keep on rising.

 

 

 

 

Top 

GLD Aftermath

Gold ETF GLD on the daily scale

Price began forming a congestion region the day after my blog entry above. The stock never returned to the top of the symmetrical triangle nor came that close, but price did drop some. After the bulls foiled the attempted throwback, price continued its march to the summit, making a new high. See my blog entry, March 18, 2008: GLD Rush at End (GLD)? for more discussion about GLDs behavior.

-- Thomas Bulkowski

 

 

 

 

See Also

Written by and copyright © 2005-2020 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. Some pattern names are the registered trademarks of their respective owners. PBS virus: Your programs stop every few minutes to ask for money.