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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Nikole Wollerstein who wrote (20704)4/22/2004 8:32:26 PM
From: sea_urchin  Read Replies (2) of 81474
 
Nikita, here's another chart which may interest you --- XAU v S&P500.

As you see, the clear preference for XAU over S&P (long down trend) has now changed in favor of S&P.

stockcharts.com[l,a]wallynay[dj][pd20,2][ila12,26,9!lb14]

To see the clear evidence of the turn ie penetration of resistance line, put a ruler on all the peaks of the down trend. Because this is a weekly chart it is very "slow" and a change in direction is therefore of considerable significance. Furthermore, as you see, the actual turn was at the end of last year and events since then have confirmed that.
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