The New Bull Market. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Bull Market.

RMBS 94.82

+2.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GROUND ZERO™ who wrote (767)	6/19/2002 12:15:50 PM
From: Chip McVickar	Read Replies (2) of 1750

What do you think of my read on XAU...? XAU responded to a fork median line and pulled back from 78.... Also there's a gap above 78 on the 65m charts that..., so this area is going to present a strong hurdle and be defended by the bears. Furthermore, the XAU 65m chart shows a consolidation coil that has formed horizontally with 6 points of contact, with a 6th making up it's mind today. This offen is a bears formation unless 78 can be cleanly broken higher. Paul's buy wiggle on the daily GC02Q is in it's 7th and last day of formation and needs to close above 78.5 to keep this wiggle alive. The HUI and GOX also have consolidation patterns in the 65m chart, but they are triangles. Chart Percentages suggest a sell off coming with these coils....! I like the upside here, but I'd like to see the XAU close above 78.5 and even 79 to confirm a bullish move is setting up..., and the Aug Gold stay above 320 or better even higher.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next