silverwood

Dollar, Gold and Oil: Gauging the Turn

Bart, if you look at the trend channel that Ashraf has drawn, the $1050 target is obtained from the top trend line. Also the 100 dma crossed below the 200 dma 8 months ago.
Ashraf, thanks for the great analysis.


On Mar 20 02:31 PM Bartlesby wrote:

> Ashraf - in your chart you say that the 100-day MA exceeds the 200-day
> MA for the first time in 2 years, yet the chart shows that the 100-day
> exceeded the 200-day only 8 months ago.
>
> Could you please clarify and also explain how this suggests a price
> target of $1,050 by the end of the quarter?