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 (9589)	12/18/2001 3:01:09 PM
From: bruceleroy1_-	Read Replies (1) of 19219

Live Headline from Briefing.com 18-Dec-01 14:52 ET Sector Watch: Gold : -- Technical -- One of the top performing groups today is up 2.2%. Over the last week is up 9% and has advanced 14.5% off the Nov low. The index (XAU) is now probing resistance in the 56.15/56.59 area (62% retrace of Sep/Nov slide and Nov high). This area has proven to be a pivotal level and when combined with the top heavy indicators that the recent surge has created suggests that sustained action above resistance could prove difficult short term.

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