MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (2885)	5/15/2000 10:06:00 PM
From: J.T.	Read Replies (1) of 19219

I have now had 3 days to watch this XAU Index and its ABX micro-counterpart after this expected pullback. When I exited XAU on Wednesday we closed at XAU 60.39. It then preceded to close lower the next two days to 59.42 and 59.18 respectively. Today we turned back up to close at XAU 59.67 but still below Weds close. XAU 5 day MA is above all MA's except the 200 day MA still BULLISH. ABX same time scenario: Weds was 18 9/16 close. Then 18 1/4 and 18 3/16. Today we closed at 18 1/2. The intraday low was 17 15/16 over the last three days. ABX 5 day MA is above all other MA's including the 200 day MA and still BULLISH. So we have a tight coil. XAU appears ready to break hard one way or the other. If we are going to get that bounce to XAU 68 that is projected, the spring is going to materialize in the next 2 days imo. Maybe the market can accomodate us tomorrow before the close for a play on Wednesday<g> Best Regards, J.T.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next