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Bulkowski's Blog Archive: GLD
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Market
Industrials (^DJI):
Transports (^DJT):
Utilities (^DJU):
Nasdaq (^IXIC):
S&P500 (^GSPC):
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As of 10/20/2017
23,329 165.59 0.7%
9,972 85.59 0.9%
749 1.35 0.2%
6,629 23.98 0.4%
2,575 13.11 0.5%
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YTD
18.0%
10.3%
13.6%
23.1%
15.0%
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 23,700 or 22,700 by 11/01/2017 775 or 725 by 11/01/2017
6,700 or 6,500 by 11/01/2017
2,625 or 2,525 by 11/01/2017
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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.
Blog Posting: February 22, 2008, Gold ETF (GLD)
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.
GLD Aftermath
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
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.
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