Boyd, take a look at gold and interest rates

About 10 days ago, I mentioned that both gold and 10-year notes formed chart patterns (1-2-3 market highs) that indicated a trend reversal was likely.

Interestly, both gold and 10-year Notes plunged lower today in a big way.

1-2-3 trend reversal patterns tend to be reliable for calling turns in the markets.

Robert Campbell




How to predict turning points in the real estate market

Hi,

Very good point. The chart below illustrates the 1-2-3 high in Gold you mentioned.

(I heard that yesterday Greenspan said something like the U.S. can survive and thrive without a manufacturing sector. Link is below the Gold chart. I'm scared spitless.)

I told my wife yesterday that as soon as we can we should start trading silver and currencies. She's heard me say that kind of thing too many times to be impressed.

/ramble

Best,

- Boyd


http://www.321gold.com/editorials/ac...3_endgame.html

Because most people relate more closely to interest rates than gold, here is the link that shows how the 1-2-3 trend reversal for the 10-year notes.

http://charts3.barchart.com/chart.asp?sym=TYU3&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=

For those of you who are not familiar with this trend reversal pattern, here is a brief explanation.

Market uptrends are usually characterized by higher highs and higher lows. Notice at the peak of the market, the chart made a lower high and then a lower low when prices started to fall again.

This shows that market psychology has now changed.

Robert Campbell


How to time the real estate market and make more money.