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: Arik T.G. who wrote (8696)	6/11/2001 9:19:20 AM
From: Arik T.G.	Read Replies (1) of 52237

Daily Gold comment: After "forgetting" to pause at the 268 and 270 resistances Spot Gold went right through to the fib 38.2% correction target at 273.6 and closed thereabouts. In reaching the target it fulfilled the requirement from the local low and is now open to both sides. Tonight, with the lack of follow through, it suddenly found itself hanging in mid air and scurried back to support at the broken 268 resistance. So far the action is open to interpretations in both directions, but a break of 268 resistance would tilt the odds towards a new local low. Edit: OTOH anything over 272 should be considered bullish. ATG

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