MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (2718)	5/2/2000 1:37:00 PM
From: J.T.	Read Replies (1) of 19219

XAU Index fails to roll over and die and e-wavers know the fib level at XAU 54.24 was not violated and now we turn up off of supports. XAU now at XAU 57.28 up 3%. Most importantly you have the heavily weighted stocks breaking out of their 5 day MA and 9 day EMA. Closing in on 50 day MA of 58.50 ABX, PDG and NEM. I am going long the XAU Index at tonights close. I am aware of shortcovering but this can go on for another few days. Target XAU 68 Best Regards, J.T.

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