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Saturday, December 5, 2009

GLD Charting




GLD Charting:
wave theory reversal to uptrend happened at 68.81.

Based on 68.81->98.99 1st leg up move, We have reached first fibo peak @ ~118, Wave theory Pt3 reversal happened. GLD should fall to ~100
If GLD falls below 98.99, it has broken the trend, get out!!
Other wise buy more around $100 range. It should go to $145 in next wave (which will be final wave)

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