But factor in the frequent use (and exercise) of stock options as compensation, as well as the need to do estate planning or makea down payment on a new home, and the pattern doesn't look so weird.
This is apattern that I have frequently observed, as you will see a market makea sharp move against the prior trend that will reverse the signals from the MACD-His.
Murphy also points to technicals to make the bullish case for gold, observing "a very tight reverse head-and-shoulders pattern" following the break from its high in February.