Big Profits from Big Channels

Big profits come from big swings within the long term channels.

Here are the big channels for gold (GLD) and Dow Jones (INDU).  

Readtheticker has price data for 100+ years, for the important securities. 

The red arrows are points of interest.

Gold holds support, demand present.

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Gold first attempt was a fade, now a chance to break upper blue channel.

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Dow hits green upper outer channel, awesome!

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Dow double top, or double failure to get over upper green channel forces profit taking. Of course, after Mr. Powell makes interest rate noise. support from red channel lines. Will it hold as it has before!

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