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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: mishedlo who wrote (79357)6/15/2002 6:22:38 PM
From: TraderXx  Read Replies (2) of 99280
 
HI Mish...thought you might like looking at these charts before loading up on gold stocks. Looks like they are prime for more downfall, IMO. Check these out and let me know what you think:

GFI....Has more than quadrupled since january. ALso notice MACD has turned down, not quite crossing but close.

us.f1.yahoofs.com

FCX...

us.f1.yahoofs.com

GG...more than doubled (but what a great buy and hold since january 2001..<<gg>> )

us.f1.yahoofs.com

And one more illustration of the $XAU monthly chart..seems like it has kissed that 92 level about three times in the past 4 years...will it kiss again and fall..or break through?..hmmm. The only good thing still is that MACD still hasn't turned down. Guess this month will tell the tale.

us.f1.yahoofs.com

TraderXx
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