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Gold/Mining/Energy : Gold Price Monitor

GDXJ 115.14

+1.2%

Dec 30 4:00 PM EST

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To: bobby beara who wrote (51323)	4/11/2000 7:14:00 PM
From: set	Read Replies (1) of 116836

Hey Bobby, I've been watching this. users.uswest.net Simple mindedly, a breakout attempt has been tried and has failed, at least for now. This is, generally speaking, a continuation pattern. However, users.uswest.net IF gold can fall below 278 while these two oscillators remain above their MAs (but closer to the MAs than to the upper bands on the MAs) then I think a breakout is more likely and could be played with a reasonably close stop. If that happens I'll show it here. It certainly is an interesting situation. The monthly chart happens to work well upside down users.uswest.net This is good. A reversal here would mean a lot, at least to me. Especially, since the first one didn't fly, another could create a hell of a panic.

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