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Strategies & Market Trends : Classic TA Workplace

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To: morokko65 who wrote (82878)9/26/2003 9:27:33 AM
From: bcrafty  Read Replies (2) of 209892
 
Bearish engulfing on $XAU $HUI and most golds yesterday

Considering yesterday's nasty hit on golds it looks like it's prudent to see how any wave scenarios or chart patterns play out instead of merely looking at certain support levels right now for buy points. What's true today might not be true in a couple of weeks.

As far as the charts you were thinking of you might be referring to an intraday chart fuddle posted on 9/16 with comments from Shack at that time that it was a buy in the $6.75-7.00 area, and jj posted a weekly chart a week before that: Message 19286964
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