Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Terry Whitman who wrote (7970)	5/27/2001 5:38:30 PM
From: big guy	Read Replies (1) of 52237

Hello Terry, "Could be a fake out- we know those happen. <g> It is holding above 118 level today.." Looking at the weekly chart the dollar would have to take out 119.07 (10-21-2000 high) before she has some room to run. The indictors are also showing bearish MACD and momentum divergences off that high and the one we are presently making. Also RSI is now at a level that in the past has turned the dollar south. This may or may not be the beginning of a mayor move in gold but looking at some longer term charts the set up is bullish to say the least.

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