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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (72981)4/19/2006 2:07:34 PM
From: Terry Whitman  Read Replies (2) of 94695
 
Here are some Dow/Gold and Dow/Oil charts:
investmenttools.com

Support on Dow/Oil would be at 88, then 62. So that means at:
Dow =10K, Oil = $114 - $161
Dow = 8K, Oil = $91 - $129
Dow = 6K, Oil = $68 - $97

Rising Support on Dow/Gold is at about 5.0. So:
Dow =10K, Gold = $2000
Dow = 8K, Gold = $1600
Dow = 6K, Gold = $1200

Looks like oil is getting into range, but Gold still may have a ways to go..
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