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Opinion on streetTRACKS Gold (GLD) Sector: Financial > Industry: Misc. Financial Services
Failed breakout of descending broadening wedge

Mar 03, 2009 07:56 PM GMT

Austin

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The breakout of GLD out of the descending broadening wedge has failed and price has come back to the wedge. As they say, from failed moves comes fast moves (in the opp. direction)

Chart of the broadening wedge: http://patternspy.blogspot.com/2009/02/descending-broadening-...

Blog URL: http://patternspy.blogspot.com

GLD: This call was made on 03/03/09 @ $89.95

Rating:	$89.95 (03/03/09)
Gain/Loss:	-31.96% in 279 days

Comments (2)

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utopius

83%

1 point commented 273 days ago reply

what on god's earth does this mean? wedges?

utopius

83%

1 point commented 273 days ago reply

what on god's earth does this mean? wedges?

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Opinion on streetTRACKS Gold (GLD) Sector: Financial > Industry: Misc. Financial Services Failed breakout of descending broadening wedge

Opinion on streetTRACKS Gold (GLD) Sector: Financial > Industry: Misc. Financial Services
Failed breakout of descending broadening wedge