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Roger Knights'
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2422 comments
Rating: 2735
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"this could be inning one of a long-term reversal."
Dec 11 21:19 pm
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All Comments by Roger Knights »Dollar vs. Gold - Can We Trust This Change? [View article]
I sense that you are having an intuition about this. I'd trust it. (I got in at 75 about a week ago, and I've been having strong "this is it" feelings--i.e., this is the start of something big.)
I think the current up-move will be at least as long as the up-move from the double-bottom. (That was 13 points on your chart, from about 69 to about 82. This move started from a base of 75, so 13 points "should" take it 88--maybe a bit higher for a day or two, before it takes a breather.)