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Strategies & Market Trends : Effective Trading In Our Markets. Learn, then Earn

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To: Jerry Olson who wrote (922)	6/28/2002 9:20:33 AM
From: HoodBuilder	Read Replies (2) of 1854

Jerry as you know I've been playing the gold for sometime and here's my thought FWIW... We will see a DCB in the $USD which will have the weak hands in the gold stocks dumping for sure, this may cause a headfake break below your posted supports but IMHO it will be a false signal. Many of the gold stocks are displaying inverse H&S patterns and the necklines will be tested but I think we will see an explosive upside move after the fakeout has run it's course. The broad market is far from a bottom but we'll see a suckers rally which should allow the big boys to reposition their shorts and the retail bagholders to get sucked back in. Time will tell how right I am

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