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Strategies & Market Trends : Classic TA Workplace

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To: At_The_Ask who wrote (72230)4/26/2003 10:25:44 PM
From: John Madarasz  Read Replies (2) of 209892
 
while comex gold was making it's highs 2 bars into Feb '03,

xau, hui and gox were all putting in lower highs...

i have to lean that it's a neg divergence short term.

there's a bit of a conundrum as the 81 td cycle high for CG comes in on or around may 28th '03, and that should be a time for some serious cycle lows in U.S. equities.

I think It will be a lower high for the pog.

I'd like to buy a possible LOW 40.5 trading days after 5/29/03 in physical and select pm's, as equities extend a rally out of the morass.

Nice work lately, thxs for taking the time to share
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