MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (12059)	5/4/2002 6:28:10 PM
From: High-Tech East	Read Replies (1) of 19219

J.T. ... I spent some time studying "gold" and the "US Dollar Index" futures today ... ... they are both very strongly set-up ... to be short "gold" and long the "dollar" ... although I took my long position (last Tuesday) in the "dollar" too early as the stochastics have not rolled over yet ... I will hold onto it however ... ... as far as "gold" - I will wait for the stochastis to roll over to establish my short position ... ... ALL OF THIS is contrary to everything I read these days ... the public and the press wants to be short the "dollar" and long "gold" ... AND THAT IS HOW IT WILL BE in the next months ... but not NOW according to what I have learned from Larry Williams ... ... long the "dollar" and short "gold" probably from later this week (or sooner) until later this month when it will be probably time to reverse both positions ... ... any further thoughts, J.T.? ... Ken Wilson

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