NORTH AMERICAN AG DAILY METALS UPDATE 2/22/11
POSSIBLE DAILY REVERSAL PATTERNS:
Possible sell signal for April gold on Tuesday, February 22, 2011 if
price trades below 1382.20.
HARMONIC WHEEL SUPPORT AND RESISTANCE:
April mini gold next area of resistance is the 216 degrees # 1394.00
and the 270 degrees # 1419.50. (CL 1308.90 low)
The next area of support is the 45 degrees # 1376.60 and 90 degrees #
1355.60(COU 1392.80 high).
HARMONIC CYCLE ANALYSIS:
Using the Harmonic Wheel and measuring from the 12/7/10 high of 1434.20
April mini gold has a harmonic cycle of 90 degrees due on 3/8/11.
WEEKLY TREND FOLLOWING STOPS:
The week ending 1/7/11 the computer went SHORT the April mini gold on
the weekly chart at 1364.70 with current generated stop at 1426.60
(2/22/11).
The week ending 2/11/10 the computer went LONG the March mini silver on
the weekly chart at 2985.0 with current generated stop at 2753.4
(2/22/11).
POSSIBLE WEEKLY REVERSAL PATTERNS:
Possible weekly sell signal for week ending 2/25 in mini April gold if
price trades below 1355.80.
WEEKLY GOLD ANALYSIS:
Measuring from the 10/24/8 low of 697.90 on the mini gold continuation
chart there was a cycle of 120 weeks due the week ending 2/11/11 with time
and price squared target of 1408.40.
HEDGE RECOMMENDATIONS:
Continue to use our computer generated trades and our seminar
information for your hedging. Best of both worlds!
CL is an abbreviation for clockwise. We follow the numbers
clockwise on the Harmonic Wheel’s square of nine grid to calculate
resistance. COU is an abbreviation for counter-clockwise. We follow
the numbers counter-clockwise to calculate support.
(CL 51.70) = (measuring clockwise from the low of 51.70)
(COU 1009.70) = (measuring counter-clockwise from the high of 1009.70)
Harmonic cycle = Calendar day cycle
North American Ag
752 E. Greenbrier Place
Sioux Falls, SD 57108
Phone 1-605-367-9278
** The North American Ag Report includes information to from sources
and technical analysis believed to be reliable and accurate as of the
date of this letter, but no independent verification has been made
and the letter is not guaranteed to its accuracy or completeness.
Opinions are subject to change without notice. This report should not
be constructed as a request to engage in any transaction involving
the purchase or sale of a future contract and/or commodity options.
The risk of lost in trading futures contracts or commodity options
can be substantial, and investors should carefully consider the
inherent risks of such an investment in light of their financial
conditions. Only those in the proper financial condition and who are
willing to assume responsibility for the risks involved should
attempt futures trading. Any reproduction or retransmission of this
report without the express written consent of CTA Dave Gleason is
strictly prohibited.
NOTE: I am the advisor you are the decision maker. I have obligation
to give you my opinion because you purchased my report; you are
responsible for your decision whether to except my opinion and act on
it or not. DG