Gold Gann Angle Update - October 12, 2015

Gold Gann angle update. A strong bounce off a 1×1 Gann Angle should be the bottom.The strong hands have squeezed out all the weak hands.

GLD gann

The momentum is improving, maybe the hint of negative interest rates form the FED set the bottom.

Gold Momentum

Investing Quote…

..”I latter told my students, ‘think in waves’ [of price and volume]”..

Richard D Wyckoff

..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…

Bernard Baruch

..”If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks”..

John (Jack) Bogle

..”Look at market fluctuations as your friend rather than your enemy; profit from folly rather than participate in it”..

Warren Buffett

..”The stock market is filled with individuals who know the price of everything, but the value of nothing”..

Philip Fisher