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 (8282)	8/15/2001 2:33:29 PM
From: J.T.	Read Replies (1) of 19219

Given the negative sentiment picture in XAU Precious Metals TA and weak dollar you would expect the XAU would be at higher levels than we are at right now. But it is stalling in the XAU 56.30 area. I believe it will prove difficult for the XAU to hit the low 60's into the new moon on Aug 19th and will now potentially hit this target the week after the 19th after consolidation. The dollar is below triple oversold levels. I will sell rydex xau precious metals before the close today and take my roughly 4%-5% loss and move aside from entry on May 24th XAU 59.33 (RYPMX 21.88). I am going to redeploy to 100% Long NDX OTC Fund before tonights close. I will continue to hold gold stocks and re-enter rydex xau precious metals after a pullback. Best Regards, J.T.

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