I've mentioned Dave Nichols Fractal Analysis technique several times in the past. He has nailed most of the major moves in gold, dollar, and stocks. If he says something is about to jump, you can bet on it.
Other chartists that have done very well are Rosen's delta turning points, and apparently Needham's Daniel Code. I'm still puzzled by the Daniel Code as it sounds to biblical for my tastes. Needham has claimed to call every gold move within the past year or two to within a few dollars each time. Hard to believe. I don't intend to buy a subsription to double check his accuracy. But if someone could call every move that close, wouldn't every major trader be using the service?
I just read the most recent one and was a very interesting read. I am certainly going to spend some time thumbing through the rest of them as you have certainly caught my attention!
On Sept 10th he was looking for 1 big pullback and the the BIG take off , we got that , now 2 weeks later he is still calling another pullback before take off....whats with this?
Comments
Other chartists that have done very well are Rosen's delta turning points, and apparently Needham's Daniel Code. I'm still puzzled by the Daniel Code as it sounds to biblical for my tastes. Needham has claimed to call every gold move within the past year or two to within a few dollars each time. Hard to believe. I don't intend to buy a subsription to double check his accuracy. But if someone could call every move that close, wouldn't every major trader be using the service?
roadrunner
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He looks a little too young to know so much about the Gold market.
I prefer an analyst who's been through the 1970's.
Not too many 'smart' gold people who are under 40 in age.
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His call on Golds' drop was right on:
Platinum's Warning for Gold - Aug. 5th, 2008
On Sept 10th he was looking for 1 big pullback and the the BIG take off , we got that , now 2 weeks later he is still calling another pullback before take off....whats with this?
wouldn't be surprised to see a bigger pull-back than in August
<< <i>I'm bullish on is: Milk, Bread & Vegetables & predict higher prices in the future, however, temporary dips may occur.
The temporary dips are called 'sales'.
If no fix is in by this weekend, look for commodities to take a major hit early in the week as funds look to raise cash.