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 started this subject	4/24/2001 12:43:14 PM
From: J.T.	Read Replies (2) of 19219

Lead sled dog All Gold JSE Index is on the verge of a major breakout and XAU to follow. JSE 1072.50 has been banging on serious resistance at this JSE 1100 level on a closing basis 3 of the last 5 trading days. I noted on da cheifs thread where JSE was headed: ************************* To:da_cheif who wrote (920) From: J.T. Thursday, Apr 12, 2001 1:08 AM Respond to of 1181 U got it... I love that breakaway gap in johan.. gold index (JGOL) on april 3rd close april 4th open jgol 977.80 - 990.10. Once that second upside gap gets filled at jgol 1030.80 - 1037.20 in a perfect flag formation from highs 1079 intraday highs we are off to da moon... XAU ready for launch to follow... JGOL finished at 1066.60. Next assault is March 12, 2001 close high JGOL 1,101.20. Once this is out we are in break-out city... first stop 1145... then 1200... Best Regards, J.T. ********************* That second gap at 1030-1037 has still not been filled and if we have one close above JSE 1100 will then be a second unfilled breakaway gap... XAU is sure to follow. Today we are up 57 cents at XAU 52.29. Best Regards, J.T.

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