Monday, April 4, 2011

Three Peaks and the Domed House

Although the latest pattern is not 'verbatim', the trading in gold since the June 28, 2010 low looks eerily like a Three Peaks and a Domed House pattern discovered by George Lindsay. If the swing low at 1410.20 is taken out a very large decline could ensue.

Correction from original posting.
45 degree from July 28 2010 @ 1405.90 1.00 point / calendar day
60 degree from Jan 28 2011 @ 1422.42 1.73 points per calendar day

Note where the 45 and 60 degree lines intersect...March 13, 2011 @ 1384. The recent low was at 1382.50 on March 15th.



4 comments:

Anonymous said...

scares the poop outa me

Bob Rawks

Fibocycle said...

datzzz right !!!!!

Les said...

It's at point 19. The decline should hold near the March lows.

Joge said...

I think gold is headed to 1500 and up