Friday, January 1, 2010

My New Years Question

I can't think of any predictions for the new year, and I've heard that new years predictions aren't in style this year anyway, but I do have a question for the new year.

will this point and figure chart of gold fulfill its current bullish price objective before the next reversal?



the settings are Monthly, 2 Box Reversal, 7% Box Size, and Price Field High/Low. the Price Objective is set to Breakout.

so, does gold hit 1619.96 before before the chart generates a bearish price objective?

who wants to set odds on this? (just for fun of course.)

an updating version of the chart is below. or should be, sometimes stockcharts image links don't take on blogger.