MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: J.T. who wrote (9497)	11/26/2001 11:02:07 PM
From: macavity	Read Replies (2) of 19219

Always the contrarian, I guess! I am just looking at XAU mind you; I know nothing about the J'burg gold index. HUI does look a lot better, so obviously the 'hedgers' are driving XAU down. I agree that this could be a good entry for a 'long-term' add - e.g. 12mths+ but I thought that that would be longer than most time horizons here. Looking at both XAU and HUI in monthly and weekly charts - this move down does look and feel like a 2 wave: :industry consolidation :doubt that rally (wave 1) was for real :no positive change in observable readings - Gold Price. (This was at about 270 at 2000 year end).But a marked improvement in technical picture. but as I said this is for a 12mth + view. JMHO! short AIG;NBR;RIG -macavity

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next