GOLD SWINGS REVISITED by Jesse H. Thompson
ARTICLE SYNOPSIS ...GOLD SWINGS REVISITED
by Jesse H. Thompson
In the March 83 issue of TA, in an article entitled ""Gold: Bull or Bear Market?"", a simple yet very
effective trend tool, the swing chart, was used to analyze the greater trend of gold. The monthly swing
chart for June Comex Gold was in the position indicated (right). In the article it was noted that the
""failure of the June contract to break the previous swing high (527) is indicative of weakness.""
Essentially, the turning down from the second or double-top at 528 established a distribution area at the
527-528 level. From this chart it w...