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Strategies & Market Trends : Classic TA Workplace

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To: SwampDogg who wrote (78579)	8/6/2003 8:53:53 PM
From: the-phoenix	Read Replies (1) of 209892

Yes...3 of (5) of I fuddle: For whatever reason I prefer to count the $XAU(probably because XAU is more easily traded than HUI) and this current slop for the past week looks corrective of the last little down move from week ago Monday's new 52 week high. For that reason I am looking for a brother leg down in the short term that should carry to at least 79, before the '3' up. Does that count jive with what you are seeing in the HUI? I actually was contemplating buying some XAU August 85 puts tomorrow if it hits 83, with good potential for a double in a week if my count is correct. TIA, Phoenix

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