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How much of a move is post worthy now?

WeissWeiss Posts: 9,941 ✭✭✭✭✭
If relative jumps ever were?

Gold up $13 in overseas trading tonight. My, my, my. I wish I had an ounce of gold for every ounce of gold I have image
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • Im expecting a quick run to 1300 which would be a move of only about 8%.

    Weiss is correct to point out that "point moves" are pretty much not as important as they were before because even a "big point move" might be just a small percentage move.

    two things will be "newsworthy" now:

    1. big point or big percentage moves (100 points or 10%, which are highly probable at this level of above $1200)

    2. the passing of "century marks" such as 1300 or 1400.

    as I pointed out in another thread, it would not surprise me to see a consolidation at 1300. Im not saying there will be a consolidation at 1300 but I would not be surprised to see one.

    Ive been expecting a run to 1300 because of the reverse head and shoulders pattern that I wrote about in my website on Oct 20th.

    enjoy the run guys!!
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