RE: declineI hope I am wrong,... but... is this a H and S pattern we are seeing on IVN? The right sholder is higher than the left and may not hold true but could someone that knows formations comment..
Oct 15 - Nov 4 - Nov 19
PS.. remember that it is monday all the 400.00 gold options expire. They have the money to hold gold under 400.00 until then so the options expire worthless. Friday is option day on the open market. Everyone is heavy into calls and they want them to expire also... so... close near the low today and more pressure tomorrow is my take on it...
GP