chart for sept + aus$gold, page-5

Mate, the point was, your call based on your version of the story was completely wrong. My take on that is you didn't factor in the capitulation or the subsequent break out of aus$gold. I've seen (and done) this many times. I remember posting on mak for example giving a target of $3 purely based on the chart, it got very close to $3, even though this looked an unlikely target to those with a skeptical story in their heads. Then when it started to fall put in the support levels down to around where it is now. Nobody (including me) thought it would go that low, especially the "going to $30" brigade. Many a time I have tried to make the chart fit my version of a story. I found it best to not mix the 2, ie stories and charts. By all means use both but don't mix them up
imo
Contrary to your version, do you think that axm could be the perfect turn around story. gold down, production problems, sentiment down, this all seems to be turning.
For the record I nearly bought in the low 8's but chickened out, bought at 9 and 9.1, first post at 9.7 on the "have we bottomed thread"
cheers
Rod
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