Hi Everyone
Please watch the short video here.
Yesterday I sent you an email which included analysis about the GLD Bear Flag, which subsequently broke down beautifully in our favour.
Unfortunately some folks didn’t receive the email on time, which is a shame as they could have seen the opportunity ahead of time. (I hasten to add, the analysis was NOT a recommendation, but it was a timely piece of commentary about a great looking opportunity and the way we find these opportunities in the Private Traders Club).
The reason I’m writing this email to you is because I received an email this morning from an understandably sceptical gentleman who questioned the timing of when I sent the email, suggesting it was “convenient” that he’d received his after the event when GLD had already broken down.
Now, I don’t blame him – I think it’s a reasonable thing to question, so I’m going to show you exactly when the email was sent, BEFORE the market open! Here’s the short video where you can see precisely when it was sent.
http://www.flag-trader.com/websitedata/assets/GLDProof2010.07.28
Here are the reasons again for why GLD looked like a decent short yesterday:
- It had a perfect Bear Flag setup;
- It was part of a longer term Head & Shoulders (which is also bearish). The OVI was neutral, having been negative for about three weeks, so we could see there was no accumulation going on behind the scenes. Here’s the chart again:
And for those who did see it and act on it, if you did get on that short trade as GLD broke through 115, you’ll want to take an early profit on it and ringfence your winnings in the way I’ve taught you in Flag-Trader orTradeTheBanks.
All the best
Guy
To learn more and have access to the OVI visit my Private Traders Club area.