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Strategies & Market Trends : Group Therapy

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To: country boy who wrote (3647)	3/4/2002 11:35:37 PM
From: E. Graphs	Read Replies (2) of 4564

Country Boy, Thanks! No, I don't think it's over by a long shot, but you may have opportunities to get in at the bottom of the bullish channel in gold. Of course, you can make fast money trading the hype in the broad market too. It seems like there's plenty of bulls left in the Naz and the Dow, but I haven't been playing the bear rallies there........too many games for me. Dow is near the top of its bearish channel now on the monthly and the weekly. Too bad SI hasn't updated their charts.......maybe they're afraid to! <g> Notice how the Dow broke its support on MACD. Anybody who says we haven't had a recession is probably right.......because it looks like it has only just begun. siliconinvestor.com Yet, on the opposite side of the fence we have gold shares just breaking out above the MACD line (see NEM, which is the largest gold miner in the world). Interesting, huh! siliconinvestor.com E

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