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).  big-profits-from-big-channels

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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GLD long

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

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GLD Short

Dow hits green upper outer channel, awesome!

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Dow Long

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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Dow short

 

Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of  more

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