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Knock, Knock!! Opportunity knocking. I put a couple hundred shares in my IRA. Look at the long term chart on a semi-log chart.

A hollow red should be a close higher than the open but lower than the previous close.

The answer is in the previous day's closing price.

In NO WAY am I calling a top. But I noticed crude hit an overhead trendline today. It closed above it on high volume today but I want to see if it can close above it on the weekly chart on Friday or will it be profit taking time?

A better title for this thread would be "Why Won't Bleeding Heart Liberal Democrats Let The US Drill For Oil In Anwar And Off Our Own Continental Shelf to Add more than 1,000,000 barrels Of Crude Oil A Day To The Supply"

As the OP I couldn't agree more. Let this thread die. It's likely to become one of those ET threads that spirals way out of control. I already stated that that I don't trade off of a 30 year chart but still, feeling secure behind the keyboard, the trolls come out to flame. I also stated that...

I'm aware that Gold never traded that high before. I am assuming that the chart is inflation adjusted. It's a comex gold pit chart and the data is Tradestation @GC.P As I've said, I don't trade off the 30 year chart but I just found it interesting. :)

No need to be sorry. I don't usually look at such long time frames and I didn't even think about using a log chart. Thanks for the heads up. I tried it again using a semi-log chart and dragged a paralell from the lows up to the 1980 high and I think the outcome is even more interesting. the...

I'm not a Gold investor so I don't care if I make money trading gold short or long, there will always be opportunity. But gold bugs should beware. Looking at the attached chart that goes back to 1975 you can see that gold failed to breakout when it hit resistance from both the downtrending...

No Thanks. I already have the DVD and watched it like a thousand times.

How to Identify a Change in Trend - Easy as 1-2-3 In the book Trader Vic - Methods of a Wall Street Master, Victor Sperandeo mentions three rules for correctly identifying a change in trend. Here they are as follows: Step One: The Trend Line Break The first thing that you want to look for...

Have you considered doing what Barry Badrinath did? Very good side money. Who is Barry Badrinath? Here is a video of Barry at work. http://youtube.com/watch?v=UX3xFEyWOFY

I think what you are looking for can be found in "High Probability Trading" by Marcel Link. I highly recommend this book since it has not only what you are looking for but much, much more.

The attached chart shows the current fight between the Gold Bulls and the Gold Bears. For today the bears won and took the red channel. Makes for GREAT trading!

This thread reminds me of the Twilight Zone episode where the gang stole a ton of Gold bars and went into suspended animation to hide out for 100 years. When they woke up they started killing each other for the gold. In the end there was one guy left crawling across the desert with just one gold...

I second that. Based on 200 day MA, November/December lows and similar percentage correction back in spring 2006. Watch the 9 day MA for resistance.

When he was sitting with the guy on the front of his boat I really thought he was gonna lean over and give that guy a kiss.

They talked that poor Brit into putting $900,000+ into SNDK and it's down almost 50% since that episode. "Just a drop in the Atlantic" he says! :D

YG, YI, ZG are printing all over the place. 926 to 1007 back to 926. CBOT is messed up AGAIN. This shit better not trigger a bogus margin call. Watching GC and SI on comex, they are fine.

Bingo! I am using TradeStation. Thanks. EDIT: Here is another source showing 2006 high under $800. http://www.tfc-charts.w2d.com/chart/GD/W The copyright is from Omega Research. Aren't they affiliated with Tradestation? :confused: