Stock Market Forecast For Trading Week Of December 12 2011

8 Responses to Stock Market Forecast For Trading Week Of December 12 2011

1. StockTradingMaster says:

   January 18, 2012 at 1:29 am

   @Innoverse I don’t see a Head and Shoulders pattern. Just because the downtrend in gold has continued, it does not confirm a Head and Shoulders pattern. All it means is that the downtrend has continued. Don’t get caught up so much on chart patterns. Chart patterns, such as the? Head and Shoulders pattern are subjective. Just think of it as a consolidation pattern, and then breakdown if you must. Your focus is to establish the objective trend and to stay away from subjective patterns.
2. Innoverse says:

   January 18, 2012 at 2:08 am

   @StockTradingMaster? Head and shoulders played out perfectly in both gold and silver
3. StockTradingMaster says:

   January 18, 2012 at 2:23 am

   @dwranson Congratulations and nice trade.?
4. dwranson says:

   January 18, 2012 at 2:25 am

   Thanks man. I booked my profits with? SLTM on friday, was a great pick.
5. StockTradingMaster says:

   January 18, 2012 at 2:48 am

   @stuio74 You? bet bud.
6. StockTradingMaster says:

   January 18, 2012 at 2:50 am

   @Innoverse In my opinion, no. Too much stretching and fudging? to make that pattern work. Also, the volume continues to drop the longer the sideways consolidation pattern goes as more and more traders get fed up with GLD going no where and move on to trade in other markets.
7. Innoverse says:

   January 18, 2012 at 3:15 am

   Head and shoulders with a slanted neckline in $GLD?? The neckline also coincides with the trend line coming from January and 1st of July lows.
8. stuio74 says:

   January 18, 2012 at 4:12 am

   Thanks!
   ?