MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: High-Tech East who wrote (9012)	10/17/2001 12:17:36 PM
From: J.T.	of 19219

the assassination of the Israeli cabinet member and minister could be very destabilizing ... unless Israel does not react quickly and strongly ... hard to believe they will not ... Very true. That, and more anthrax gain.. Nice little pullback after IBM and INTC light up the broad market and getting the johnny come lately Bulls all lathered-up and back in at the worst possible time of the counter-trend rally. Gold up $1.50 to $282.80 and XAU up another 51 cents to XAU 55.90 after the 'morning pullback' as forecast last night from intraday low $54.39. ...<Meanwhile, the XAU climbs $1.27 higher up 2.35% to close at XAU 55.39 the top tick for the day. This is the highest close since the breakdown on October 8th (XAU 57.10). There is an upside gap that needs to be filled XAU 56.82 - 57.10 and the 5 day rsi is neutral at 52.75. These two taken together with Precious Metals TA still paltry 40 mil and we go higher after the morning pullback.>... Best Regards, J.T.

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