PLAT platinum weekly chart shows overbot conditions, rising wedge and negative divergence, all consistent with a chart rolling over. Some possible H&S scenario's are possible depending if this is the head forming now. Red circles highlight the price and 20 MA crosses; the March 2009 bottom, the big April-May 2010 sell-off/Flash Crash, and then the Chairman Bernanke QE2 market save in late August 2010. Watch to see if price pierces the 20 MA, now about 80 points above, if so, then the broad markets as well as platinum would be in trouble. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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