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Strategies & Market Trends : Technical Analysis With Charts

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To: the navigator who wrote (5729)	9/25/2007 1:42:38 PM
From: MACD X	Read Replies (1) of 6865

something different this time on this gold rally stockcharts.com The gold miners index has historically lead the price of gold as can be seen on the chart above, This wasnt the case on this move up and this could be spelling trouble. the top that you are seeing on gold could well be a double top as the miners are still down trending, this is strange and should be the other way around if we are going to da moon. Any thoughts on this welcome, I would like to hear others thought and ideas. Up the stairs to answer your question a bounce of some type should occurr at one of the fib levels before price continues going up or down. An orphan should be spotted to confirm the bottom when it occurrs.

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