MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: da_cheif™ who wrote (4243)	8/29/2000 2:41:10 PM
From: J.T.	Read Replies (1) of 19219

cheif, take a look at the 5 day charts of the component stocks that make up the XAU. The top 4 weighted holdings XAU, AU, PD, NEM look like they are putting in capitulation lows in different intraday periods... quote.yahoo.com It is just a matter if the boys jam the tape at the close with buy or sell orders... I am deciding on whether to switch before the bell into XAU from SPX short ursa ... I see the yellow metal closed down another $1.10 to $272.50 spot. I may wait one more day... spx has further to go on the down side... only down 5 on spx now XAU 52 week low close aug 3rd at XAU 49.59 with intraday low of 49.55. Best Regards, J.T. (izoo)

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