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Strategies & Market Trends : Classic TA Workplace

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To: Jorj X Mckie who wrote (65887)	2/10/2003 5:25:29 PM
From: James C. Mc Gowan	of 209892

How about a Bottom call for Gold via $HUI? Bearish Triangle Breakdown at about 146. Target for $HUI is about 100. Could be quick. Mr. Dorsey says trade is profitable 87% of the time for an average 33.3 % and the average time for the pattern to work out is 2.5 months. 33% of 146 gets you to about 100 on $HUI That Zeal guy has a POG retrace target at about $325 and about the same as the Bearish Triangle target price to buy back into $HUI, 100 or so. stockcharts.com[PA][DA][F!3!!]&pref=G About 700-800 missles in 2 days followed by the rerun of Gulf War I 'good times' media splurge should do it. Don't know how far down Gold/$HUI could retrace, but catching the dips looks like juggling sabres, absent major 'unintended consequences' of GW II. JMHO But I will place my cheapo GTC bids in for gold shares anyway. James

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