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To: pater tenebrarum who wrote (74543)	11/9/1999 8:14:00 PM
From: NickSE	Read Replies (1) of 86076

If you and Luc want gold to go up, I must share with you my bearish reading on it since I am the ultimate contrary indicator. -ng- GCZ9 - Dec. 99 Gold - Last 293.10 charts.quotewatch.com Is in an bullish uptrend, but has given two successive double bottom P&F sell signals, the first at 297 and the second at 288. Support level critical to the uptrend is at 270 (bullish support line) and looks like it may be tested. In order to generate a buy signal, we will need to break 303 on an intraday basis. XAU - PHLX Gold & Silver Index - Last 69.51 (""-support/resistance lines) 204.232.40.6 Is in a bearish downtrend and has given three separate P&F sell signals* on the way down to its current level. Support levels are at 66, 63, and 58. Resistance levels are at 71 and 82 (bearish resistance line). In order to generate a buy signal, we will need to break 72 on an intraday basis. Reversal of the bearish trend will not occur until we break through the bearish resistance line and confirm at 91. That said, let the monster gold rally commence and remember IDJKS. :) Regards, Nick

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