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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (27341)	1/9/2002 10:54:00 PM
From: Step1	Read Replies (1) of 209892

Shack, PD is no longer in the XAU You may already know this , and it doesnt change the fact that PD once skewed the importance of the xau as an indicator, but a little while ago, i forgot when, Harmony Gold was added to replaced PD in the XAU phlx.com >>>VT, I don't count the XAU due to the huge weighting of PD. However I do count the HUI for the gold miners which many feel is in the count you mentioned (a '3' up). I have held the notion that we are still in the correction off the May high. My main reason for disbelieving the '3' up is that the commercial hedgers are still short the metal and getting shorter. If I'm right then the current rally (a 'b') should be done here and we turn back down hard now. Along with another dump in the metal. <<<

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