tag:blogger.com,1999:blog-8451732028937263624.post7873471560941459731..comments2023-02-24T09:53:32.319-05:00Comments on <a href="http://buy-high-sell-low.blogspot.com/">Gold Stock Prophet</a>: An Island Reversal in The Gold Stocks ChartUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8451732028937263624.post-4038864126157341402007-09-04T11:52:00.000-04:002007-09-04T11:52:00.000-04:00Dear anonymous at 11:40am,http://www.youtube.com/w...Dear anonymous at 11:40am,<BR/><BR/>http://www.youtube.com/watch?v=W3Xd3_s1tcw<BR/><BR/>9 seconds and 49 secondsAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8451732028937263624.post-30470926556011048882007-08-25T12:07:00.000-04:002007-08-25T12:07:00.000-04:00Hi there,Thank you for your thoughts. One thing I...Hi there,<BR/><BR/>Thank you for your thoughts. One thing I dislike is when technical analysts try to define patterns by rigid rules that are set in stone. <BR/><BR/>What is more important is to understand the pyschology behind the patterns, and to make profits from this. <BR/><BR/>The only way to determine what is right is by determining what has made money, and these patterns have made me a Gold Stock Prophethttps://www.blogger.com/profile/14869884407300757971noreply@blogger.comtag:blogger.com,1999:blog-8451732028937263624.post-68733212741208310322007-08-25T11:40:00.000-04:002007-08-25T11:40:00.000-04:00Hi Danny,I don't think these examples fit the defi...Hi Danny,<BR/><BR/>I don't think these examples fit the definition of island reversals. Certainly not the last area you circled in August. The gap up would need to gap up to the price point of the gap down to meet the definition of an island reversal, and the gap also appears to have been closed. If you look at GDX there is no island as the gap was closed and you can see a bearish engulfing Anonymousnoreply@blogger.com