Hi KC,
Rollin' Rollin' Rollin'
I'm not worried about hexing the trend this time!
Message 16996244
Friday, Feb 1, 2002 1:06 PM ET
To: Paul Shread who wrote (28991)
From: Roebear
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 |
