Tuesday, October 27, 2009

Gold ATR(1) Point and Figure Chart

over on the right of the blog I keep a point and figure chart of Gold set to ATR(1), so every day the chart looks different according to the price range traded that day. a 'kaleidoscope' as one nice lady put it.

well the latest one is a work of art. each box is $22. you can see that there hadn't been a negative price objective since last year. the rally has almost a parabolic look to it. and it shows that the latest column has hit the bullish price objective right on the money.