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

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To: isopatch who wrote (8581)6/7/2001 7:30:11 AM
From: Arik T.G.  Read Replies (3) of 52237
 
Daily Gold comment:

Yesterday's action not very strong but low from the 5th still holding. A series of higher lows since, with rebounds back to positive territory after each low, are a good sign, so it looks that the coming rally will not be sharp.
There's a lot of disbelief built into Gold, and that's why whenever some consistency is proven in a local rally it turns into panic buying. The disbelief is greater now, after the last rally faltered. Maybe that's why the rally will have to deal with each local resistance individually- 268, 270, 273.5 . If Gold spot will trade over 267.5 again, it looks bound to break 268 and challenge 270.

ATG
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