MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Peace who wrote (4572)	9/13/2000 2:23:14 PM
From: J.T.	Read Replies (1) of 19219

Peace, I can understand you taking profit on NEM with yesterday's action- especially if you have sep calls.... We had 2 closes above 19 and now with todays action - 2 closes back below 19. NEM now at 18 7/16 down 5/16. I was wrong on XAU rally into "full moon theory" on September 13th - today - but I think this 3 day pullback is technically more bullish than ever for this next leg up for XAU... XAU at XAU 53.31 down 34 cents and down for 3rd day in a row... XAU 5 day rsi back to 48. If today "is" the cycle low for XAU and gold bullion - get ready for some upside fireworks. Best Regards, J.T.

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