Thanks for the explanation, ESL.
By the way, did you read JS latest commentary at Kingnewsworld?
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/16_Sinclair_-_Youre_Out_of_Your_Mind_If_You_Sell_Gold_Assets_Now.html
To me it sounds a bit like under the present explosive economic/monetary conditions it is wise to forget about Technical Analysis.