TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... Message Board

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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

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To: Rashid Garuba who wrote (28974)	4/22/2002 11:01:24 AM
From: Bart Hoenes	Read Replies (3) of 59879

This guy trades gold stocks, and trades them very well. He is of the opinion we are at a top here. The following are excerpts from his newsletter. >> From David Marantette's Goldstock Letter The effort, in recent weeks, has been to show you what is really going on in the gold stocks. The message coming through, loud and clear, is one of sell, or at the very least — get prepared to sell. .... The daily charts of AEM, AU, and NEM. Each chart has a major sell signal that we call an upside stochastic non-confirmation (U-SNC). This sell signal is formed when we get a higher price high, and at the same time, a lower stochastic high. This signal says to expect lower prices ahead. .... On the weekly XAU chart, there is a U-SNC. We are coming down from the 90 area. At the same time, there is a U-SNC on the daily chart. Seldom do we get a U-SNC warning on more than one chart. When we do, the chances of the signal being right climb dramatically. Here we have a U-SNC on two charts at the same time. Look out below. <<

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