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Strategies & Market Trends : Trend Setters and Range Riders
MSFT 447.21+0.7%10:36 AM EST

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To: Susan G who wrote (21423)7/29/2002 10:28:16 PM
From: TWICK  Read Replies (1) of 26752
 
My weekly "Out of the Box" XAU update. A little off time wise, but it kinda did what I thought it would do. Only thing that didn't happen was the double top I expected prior to the tank. Had that push down last week not happened, we could have been on our way to that double top in the black box. At least, it looks like I got the major trend line right (pink), cause it bounced at the support line of this major channel.

I of course blew with my timing and got a little spanked around on Friday. Chickened out of my DROOY long this morning. Need to spend time going over my trading plan. Too many distractions, and too much noise cause me to lose focus.

So. What's going to happen going forward, now that we have three successful tests of the support line, and the other indexes are at a point of making their own major moves for however long that new trend will last. Hhhhmmm. Could we be at a buying opp here in precious metals for what could be one hell of a ride... up perhaps ?

home.attbi.com

Twick
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