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: Paul Shread who wrote (28991)	2/1/2002 1:07:10 PM
From: Roebear	Read Replies (2) of 52237

Paul, I guess that HUI/XAU shooting star is negated now, ggg. In the bear market days for gold over the last few days, gold often sold off on a Friday afternoon. No one wanted to hold a declining asset over the weekend, especially a holiday weekend when shorts often setup Monday morning ambushes. I'll be interested to watch the activity this afternoon, would be an sentiment indicator. No one has a good exlanation for this move except it's "technical". Bullfeathers, price and its record in TA shows the fundamentals and/or the news that is coming, and this is very much a tendecny in the pm sector. You never hear why until the move is at least half over, especially the big moves. I particularly do NOT like trading PM's based on news. Edit PS, 285 spot breached! Best of luck, Roebear

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