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: isopatch who wrote (13235)	7/31/2001 6:12:43 AM
From: Arik T.G.	Read Replies (3) of 52237

Gold and currency comments As I expected, the Dollar firmed a little as a correction to the drop from the top. Trend is down for the Dollar, at least IT. Now this correction fulfilled its minimal time and price action- retracing fib 23.6% (117.4) in three days, but could last a few days longer trying the fib 31.8% at 118.1. A new local low on the Dollar index will mean we're back on the trend. I jumped the gun on Gold, after waiting almost two weeks for Gold to reach my $262-264 target I lost my patience and bot a single December contract yesterday at $268.5, equals $265.9 on the spot, based on a local pattern that could have been a bottom but wasn't. HUI and XAU charts not conclusive. IMO the PM stocks went ahead of the metal too much. Using NEM as the benchmark (just because this is the one stock I studied), it looks to me POG priced into current prices is around 290. ATG

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