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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 408.23

+2.3%

Dec 22 4:00 PM EST

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To: re3 who wrote (709)	11/17/2003 8:29:07 AM
From: Andrew	Read Replies (1) of 29622

Sears has been a strong one wow. Retailers seem to be under pressure and this one has had quite a run. HD is reporting this week, and this might be a factor as was the WMT report. Drawing a trendline from march lows shows a steady uptrend and it appears to be trading in a slightly narrowing rising wedge not unlike many other stocks and the indexes. Indicators I follow show it as overbought, same as other stocks and indexes. Look for the lower trendline to break. The markets looks weak so you might get a break. It cant keep rising like this for long. Although it has for what 7 or 8 months.

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