FYI | Aug 18 2011
FNArena has added another video to its Investors Education section on the website. In this educational video, ATW's Jerry Simmons explains why we could be witnessing the end of some key trends, including a potential blow off top in the making for gold.
Simmons has used his latest educational video to issue a few warnings. One is that the technical structures for US equities seem rather wobbly with the S&P500 facing a "veritable brick wall" in the 1220-1250 zone. The suggestion is the index might be building a base which formation can take months.
More alarming seems Simmons' analysis of gold which he observes "has gone parabolic". Key price levels are US$1771 and US$1720, explains Simmons. If these levels are broken, gold would be set for a significant pull back, one that will see US$1430/oz come into focus "at a minimum", according to his technical analysis. Simmons says gold could fall as low as US$1250/oz under such a scenario.
Also, crude oil might have completed a five wave move.
To view the ATW Strategic Prep Video click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: http://www.fnarena.com/index4.cfm?type=dsp_front_videos&vid=51
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section at http://www.fnarena.com/index4.cfm?type=dsp_front_videos)
