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 (7908)	5/25/2001 1:59:23 PM
From: Shack	of 19219

Hi J.T. In terms of EW, the XAU has been my favourite index to count. The waves are very clear to me. It looks like this morning kicked off a 'b' wave up which will probably last until early next week. They sometimes even make new highs but they are not a new impulsive up. They are followed by 'c' waves down which I still expect in this case takes us back to XAU 58. After that, expect a moon launch.-ng I would never short gold stocks because they have entered a a secular bull and they could explode at any time but if I was ever going to, it would be at the top of this 'b'.

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