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Gold/Mining/Energy : Gold Price Monitor

GDXJ 105.34

+5.2%

4:00 PM EST

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To: Hawkmoon who wrote (43233)	10/18/1999 6:12:00 PM
From: goldsnow	Read Replies (1) of 116767

DOLLAR/YEN "We had a five wave sequence that began back in May, with wave three terminating at the recent high in September. Everything coming down is a wave four correction. "I think if we get a rally it will be limited but I see new lows in the dollar against the yen. Resistance is about 107.40, give me a close above that and I say we have a little more room to go to the upside. ``In the big picture, right now it looks like this market is going to head to new lows under the low we made in September. Once we take out that September low of 103.27, we open the way to new lows from 98.40 to 97.' biz.yahoo.com

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