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Strategies & Market Trends : Group Theories

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To: macavity who wrote (801)	11/9/2003 11:29:16 AM
From: macavity	Read Replies (1) of 1017

ST Outlook: PM Complex. The whole thing does not make sense to me. But no-one asked my opinion. $HUI which is the usual lead-dog is not leading, but we are seeing bullish signs in $XAU. $XAU has issued a ST BULL signal, and the IT Trend is mildly bullish. IT momentum indicators are negative, but the trend is still positive. IT_TREND remains positive or neutral for all in the Precious Metals group. IT_MO has turned negative, but we are at what may be a ST bottom. I will remain skeptical unless we can take out the IT_PVT highs for $XAU and $HUI. The LT_TREND and LT_MO are both strongly bullish and I feel that we can drift lower easily and still maintain the bullish feel of this timeframe. Watching $HUI=216.16 ; $XAU=98.36 None -macavity

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