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Strategies & Market Trends : Classic TA Workplace

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To: nspolar who wrote (71978)4/24/2003 8:11:12 AM
From: skinowski  Read Replies (1) of 209892
 
ole yeller stuff...

...rallied up pretty impulsively from 4/15 until 4/22, and then pulled back in 3 waves, bottoming overnight at a 38.2% retracement. Since it started overlapping with the (hourly) minor bottom inside the decline, the odds are that bulls are still in the driver's seat of that pickup.

BTW, I could never understand how gold is "real" money, and fiat dough isn't. In the end, it's all in the head, anyway. Would a discovery of some huge reserves right under the ocean floor (on my favorite beach) lead to inflation?
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