MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (6493)	2/16/2001 12:49:06 PM
From: J.T.	Read Replies (2) of 19219

XAU upside gaps tend to get filled hard and fast once selling dries up and bottom fishers come... Recall 5 unfilled upside gaps: ******************************** ...<XAU now has 5 upside gaps to fill- BULLISH: 1) XAU 48.18 - 48.60 2) XAU 48.72 - 48.88 3) XAU 49.24 - 49.75 4) XAU 50.30 - 50.94 5) XAU 51.56 - 51.99 To pound even more Bearish sentiment into the picture, rumors that S.A gold mining companies are now selling gold and hedging production while India is selling gold to offset earthquake natural disaster... Maybe rydex TA will collapse after today's close... I sure hope so.. XAU now at XAU 47.29 down $1.31 down 2.7% XAU and gold close to a nearterm bottom within 1-2 days... then back up>... ************************************* Now at XAU 47.20. Also, GOLD, one of the S.A. gold adr's has completed their hedging: biz.yahoo.com Best Regards, J.T.

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