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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 61.19-6.2%Feb 3 4:00 PM EST
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To: Fiscally Conservative who wrote (6019)12/25/2002 8:46:35 PM
From: SirRealist  Read Replies (1) of 208218
 
Nearterm, I'd expect to see the XAU blocked at 81, followed by a three week pullback on a market rally. Then it'll seek and surpass its 52 wk high.

That seems to be the tale of the tickertape on my charts. If the XAU dips to 75 tomorrow, that's where I plan to go long on gold for 2-3 days in pursuit of that nearterm cap.

I could be wrong; my timing has been off by a day or two near transition points over the past 6 months.
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