MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2508)	4/17/2000 3:24:00 PM
From: Copeland	of 19219

Copeland - you like the XAU in here? No, not really, although others around here are very bullish on it. Gold has made one too many false breakouts for my tastes. The XAU is so $%#$ manipulated by the various banks and governments of the world that it's almost funny. As expected, QQQ, SPY, and DIA became great buys after 12 noon. Unfortunately, missed out on the little rally in the semis today. Hopefully I'll get another shot at them later this week. Don't know when the e-brokers will bounce, but the financials may have made a temporary bottom here. Too bad the post-earnings sell-off for the former sector just happened to coincide with last week's mess.

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