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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Rashid Garuba who wrote (19509)12/11/2000 5:45:35 PM
From: TATRADER  Read Replies (1) of 59879
 
don't put your fly yet in that ointment, there are several in there already...

Nightly Gold Report
Our call over the weekend for a pullback, was fulfilled today as gold began its corrective pullback...We are looking for a 47.75-48.50 area as the first support area...Secondary support sits at the 20 day, 46.25.....So we are a few days away from moving back into the short-term bullish camp...One indicator we watch closely is the 5 period Commodity Channel index. We want to see that move below -100, and the fast stochastic 8 period move below the 20 line, before we entertain going long again on gold....

Buy areas remain
AEM in the 5.87-6.06 area, no higher..
NEM in the 15.00-15.37 area
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