To: Petronski
There is a higher probability that gold will rise and stay in an up trend if prices do not penetrate the lower of the two parallel green lines. This higher probability factor is used by traders and investors to enter or exit positions.
You can make quite a bit of money in markets if you are able to trade in situations where you are correct about probability.
If gold broke below that green line there would be a higher probability that lower prices would occur. None of this is exact science but millions of dollars are extracted from markets every day by individuals entering and exiting trades based on channels and trendlines.
85 posted on
10/25/2006 8:09:25 PM PDT by
alrea
To: alrea
In my part of farming Pennsylvania, I've seen prettier horsecrap than that.
YOU. ARE. NOT. SPECIFIC.
86 posted on
10/25/2006 8:12:53 PM PDT by
Petronski
(CNN is an insidiously treasonous, enemy propaganda organ.)
To: alrea
None of this is exact science but millions of dollars are extracted from markets every day by individuals entering and exiting trades based on channels and trendlines.And an equal number of millions are LOST.
Flip a f**kin' coin.
87 posted on
10/25/2006 8:13:42 PM PDT by
Petronski
(CNN is an insidiously treasonous, enemy propaganda organ.)
To: alrea
No, it's not an "exact science", but what you just said contains more hedging and flip flopping than a John Kerry speech. LOL
To: alrea
There is a higher probability that gold will rise and stay in an up trend if prices do not penetrate the lower of the two parallel green lines.Gold will go up.....unless it goes down. Get my broker on the line!!! LOL.
93 posted on
10/26/2006 6:44:07 AM PDT by
Toddsterpatriot
(Goldbugs, immune to logic and allergic to facts. You know who you are.)
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