Trend Setters and Range Riders Message Board

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Strategies & Market Trends : Trend Setters and Range Riders

MSFT 485.49

+1.8%

Nov 26 3:59 PM EST

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To: Connor26 who wrote (19170)	6/11/2002 12:48:21 PM
From: backman	Read Replies (1) of 26752

GOLD and countertrend trading (along with a little monday morning quarterbacking) when i was looking for the top in GOLD, using HGMCY as the "sector surrogate", i noticed relative high RSI(14) on 5/22, with increasing volume then, on 5/28, i noted new high on less volume so technical price/volume divergence in a momo sector, coupled with watching some of the "blow-off" trading patterns in the weaker players (see VGZ, CUSIF, RANGY, SSRI) i am clueless about the future price of GOLD, but i think the sector has taken the "momo pipe"

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