DailyMarkets.com - Fibonacci Time And Megaphone Pattern Studies – GDX And Gold

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• Fibonacci Time And Megaphone Pattern Studies – GDX And Gold
• Swing Trade Setups To Watch Next Week
• BIS: Growing Risks From More Central Bank Stimulus

Fibonacci Time And Megaphone Pattern Studies – GDX And Gold Posted: 24 Jun 2012 03:54 PM PDT This weekend I was doing a little reading about the megaphone pattern. By no means was I able to absorb everything I read, but I did learn enough to do a little investigating on my own. And another day I will return to what the learned experts have figured out and try to make a little more of their understandings my own. One of the intriguing things I read was that there is often a Fibonacci relationship between the various high and low points as the megaphone pattern progresses. Being … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Swing Trade Setups To Watch Next Week Posted: 24 Jun 2012 09:45 AM PDT ( click to enlarge ) Shares of Zynga Inc (ZNGA) closed on Friday with a gain of 4.81 per cent at 5.99 on decent volume. The technical chart is now showing a possible inverted head and shoulders pattern formation, which means that a break to the upside is highly probable. If this bullish pattern completes and plays out target is about 7.50. The neckline is located at 6.18-6.2 and it needs to get broken in order to confirm the pattern. Inverted Head and Shoulders patterns play out about 80 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BIS: Growing Risks From More Central Bank Stimulus Posted: 24 Jun 2012 08:30 AM PDT      The benefits from additional monetary stimulus by central banks in advanced economies are shrinking while the risks are likely growing,  Jaime Caruana, general manager of the respected Bank for International Settlements (BIS) said.     Central banks have been highly successful in driving down long-term interest rates to help stimulate economic recovery, but the success can create unrealistic expectations of the power of central banks, warned Caruana in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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