Tuesday, February 22, 2011

GLD Why the Bull Flag Won

OK here is my written part why the Bull flag won. If you look I drew up 2 bear flags in blue and 2 bull flags in green. The 1st bull and bear flags have the flag part of the pattern more horizontal then the 2nd flags with the flag more of a angle. The flatter the flag the high percentage that the flag will win.So here you had two flags with the bull having a flatter flag and ended up winning over the bear flag running to today's close of 136.26. I think we have a very good chance of hitting the 139 mark with all the up rest in the middle east

Now here is my video for those who prefer it then the written

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