Disclaimer: Steelman's Technical Charts are my own amateur interpretations of technical charts and for informational purposes only and should not be construed as investment advice regarding the purchase or sale of securities, or any other financial instrument of any kind. Please consult with your financial adviser before making an investment decision regarding any securities mentioned herein. Steelman's Technical Charts assume no responsibility for your trading and investment results.
Tuesday, January 11, 2011
Both Head and Shoulders GLD and FXE
Both Head and Shoulders on the GLD and FXE still intact but the GLD came close to breaking down, 135.3 looks to about where the neckline will be tomorrow so as long as we don't close above this the head and shoulders will still be in play. The FXE or the euro/dollar play not only has a head and shoulders but a bear flag (shown in blue on the 1st chart) forming. I have no trades base on these charts and consult a professional stock consultant before doing any trades.