VEry good Ted Butler off loantech's board, posted by ralph-emmerson
Among several good passages: "in gold, the big 50-, 100-, and 200-day moving averages have not been violated (yet). It is the violation of the moving averages that causes the tech funds to act. If gold does violate its big moving averages, heavy tech fund selling should be expected."
The 50 ema is a 434 the 100ema is at 424...
stockcharts.com[h,a]dacaynay[dc][pc50!c100!i!f][iLl14!Lp14,3,3!Le12,26,9!Lb14!Lm12!Lya7,14,28!Ld20][J40687629,Y]&pref=G
The entire article...thanks to Ralph for posting it... Message 20861045 |