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Thomas Bulkowski’s successful investment activities allowed him to retire at age 36. He is an internationally known author and trader with 30+ years of stock market experience and widely regarded as a leading expert on chart patterns. He may be reached at

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Bulkowski's Blog Archive: GLD

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Busted
Patterns
Candles Chart
Patterns
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Patterns
Small Patterns
Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
As of 08/17/2017
21,751 -274.14 -1.2%
9,152 -224.77 -2.4%
734 -5.20 -0.7%
6,222 -123.20 -1.9%
2,430 -38.10 -1.5%
YTD
10.1%
1.2%
11.3%
15.6%
8.5%
Tom's Targets    Overview: 08/14/2017
22,250 or 21,500 by 09/01/2017
9,700 or 8,900 by 09/01/2017
750 or 710 by 09/01/2017
6,500 or 6,150 by 09/01/2017
2,525 or 2,425 by 09/01/2017

Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information.

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

 

 

 

 

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Written by and copyright © 2005-2017 by Thomas N. Bulkowski. All rights reserved. Disclaimer: You alone are responsible for your investment decisions. See Privacy/Disclaimer for more information. PBS virus: Your programs stop every few minutes to ask for money.