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Strategies & Market Trends : Stock Attack -- A Complete Analysis
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To: epicure who wrote (41861)2/1/2001 5:09:34 PM
From: donald sew  Read Replies (2) of 42787
 
X,

Yes I do follow the XAU/GOLD/US DOLLAR, since I do have JAN 2002 LEAPS in HM, which are finally recovering.

Its a bit too early to make a confident call since there are only 2 touches on the trendlines, but there is a chance that the XAU may now be forming a BULLISH FLAG PATTERN.

The US DOLLAR is producing LOWER LOWs and LOWER HIGHs which implies downtrend. If the DOLLAR continues down, that will help push GOLD/XAU up. My guess is that if the US DOLLAR breaks below 105 the XAU may really start to move up strongly.

seeya
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