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SWINGTRADING THE GLD ETF USING ECHOVECTORVEST ANALYTICS AND FORECAST TECHNOLOGY: TODAY'S TOMORROW: CURRENT PERSPECTIVE AND FOCUS: UPDATE

Jul 12, 2012 8:50 AM | about stocks: GLD

Jul 11, 2012 3:17 PM

WEDNESDAY, JULY 11, 2012GLD ETF: Charting the Way Ahead

http://echovectorvest.blogspot.com/2012/07/gld-etf-charting-way-ahead.html

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UPDATE

Provided below are charts of the GLD ETF illustrating active and key echovectors at work within the current respective interest time-frame (WED-THURS-FRiI this week an its quarterly echobacktime periods this past year) , and also with a focus on the related focus interest echobackdate and echotimeperiod of late July and early August, which can be view for several preceding years.

In yellow is the 2AEV, being the CCEV (the Congressional Cycle EchoVector).

Also in yellow, but shorter, is the AEV, the Annual EchoVector, within this same Congressional Cycle Period (2-year period).

In purple is the resistance vector active this year within the various recent quarters.

The intersections of these at this critical forecast and coordinate echo-period form important and critical support for gold metals this summer.

In dotted white is the support level being enforced by the market so far in anticipation of the late July and early August coordinate forecast low for 2012 on the forecast CCEV.

Also in dotted white happens to be the annual 'lateral forecast support equivalency price (horizontal price vector) that must be maintained going into the end of July to prevent an annual price pivot from taking place in the key forecast echo-strength period that follows (that goes forward from late July). A pivot instead of strength symmetry at this key support time and price juncture would promote accelerated pressure to the downside in the GLD ETF (failure to maintain strong symmetrical strength in related echoforecast periods mathematically promotes potential downside price pressure weight and accelerated pivoting price action in the focus period instead, and readjustments in active and dominant QEV, etc.).

Note in the following supplemental charts, that include QEVs, today's 'Wednesday EchoBackDate (EBD)' for each of the preceding 4 quarter's.

Reviewing each quarter, see how typically the market sells down from Reviewingthe high of Wednesday to find support on Thursday morning and then rally into Thursday noon.

This is powerful information for the nimble day-trader and short -term opportunistic options trader, who knows how to interpret and position for this coordinated forecast phenomena occurring in the AEV, 3QEV, 2QEV, and the QEV for the GLD ETF, and in this focus interest echobackperiod.

The GLD July 13 152 CALL and the GLD July 21 154 CALL my be utility options and rider vehicles of choice for the simple long position buy-to-open options trader and delta opportunity positioner. The more advanced time-premium-decay positiviser's long positioning 'sell-to-open options trader could employ PUTS correlated to, and located on, the reverse side of GLD ETF ongoing and active real-time and then current price par strike differential.

Also, note how the slope of the2QEV in the mid-year back time period for today's echobackdate (in grey, October to April's EBD's 2QEV ) also corresponds to the slope of the longer and current AEV in white for the annual EBD for today.

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GLD ETF 3 YEAR DAILY OHLC

WITH KEY ANNUAL AND BI-ANNUAL ECHOVECTORS (YELLOW)
WITH SELECT AND FOCUS INTEREST PERIOD EBD'S
WITH KEY RESISTANCE VECTORS FOR THIS PAST CALENDAR YEAR (PURPLE)
WITH KEY COORDINATE SUPPORT VECTORS FOR THIS YEAR (DOTTED WHITE)

GLD ETF 2 YEAR DAILY OHLC

GLD ETF 1 YEAR DAILY OHLC

GLD ETF 1 YEAR DAILY OHLC
(WITH QEVS, ETC.)

WITH KEY ANNUAL AND BI-ANNUAL ECHOVECTORS (YELLOW)
WITH SELECT AND FOCUS INTEREST PERIOD EBD'S
WITH KEY RESISTANCE VECTORS FOR THIS PAST CALENDAR YEAR (PURPLE)
WITH KEY COORDINATE SUPPORT VECTORS FOR THIS YEAR (DOTTED WHITE)

WITH RECENT YEAR QEV'S AND 2QEV'S ADDED FROM TODAY'S EBDS (GREY)
WITH TODAY'S AEV (SOLID WHITE)
WITH LATERAL FORECAST CHANNEL OF A KEY ( THURSDAY 12/29/11-TO-THURSDAY 6/28/12) ESTABLISHED AND ACTIVE 2QEV (OTC:PINK)

GLD ETF 9 MONTH DAILY OHLC
WITH QEV'S, ETC.

GLD ETF 6 MONTH DAILY OHLC
WITH QEV'S, ETC.

GLD ETF 3 YEARS DAILY OHLC
WITH QEV'S, ETC., IN RECENT YEAR

Posted by EchoVectorVEST at 11:21 AM

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For THE ORIGINAL PUBLICATION OF THIS ARTICLE See:

http://echovectorvest.blogspot.com/2012/07/gld-etf-charting-way-ahead.html

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