Thursday, December 22, 2011

What the HECK is going on with GOLD ? ?

If change is constant and " the more things change, the more they stay the same" holds true, then the upward bias PLUS the cyclical motion in the TRIX twin lines, what do I think will happen?

I think things will stay the same, on the same plane of upward bias, aided by the cyclical motion revealed by the TRIX.

That's my story so far, no matter how hard "THEY" try to "PAINT the TAPE".

To explain:"  Raff Regression Channel is a linear regression with evenly spaced trendlines above and below. The width of the channel is based on the high or low that is the furthest from the linear regression. The trend is up as long as prices rise within this channel. An uptrend reverses when price breaks below the channel extension. The trend is down as long as prices decline within the channel. Similarly, a downtrend reverses when price breaks above the channel extension." <- Taken from StockCharts, Chart School.