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Strategies & Market Trends : John Pitera's Market Laboratory

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roguedolphin

To: The Ox who wrote (17742)	2/8/2016 2:21:56 PM
From: John Pitera	2 Recommendations Read Replies (1) of 33421

The daily NASD just gapped down through the prior low today I have never understood why there has not been more generalized discussion over the past year with the Possibility of the NASD putting in a 15 year double top with 2000..... as Iso has been mentioning Gold has had a very nice rounding bottom the past few months and then as it rallied it then declined and found support right at the 21DMA and 50 DMA in Jan and has moved up through its 200 DMA while it has had its strongest positive RSI reading at 77 today.... very positive bullish chart action. as I was commenting that Gold was the only chart that I highlighted back on Jan 18th as having positive basing action....... Message 30413609 if you look at all the charts on the post the equity charts were not showing proper bottoming, basing action for a meaningful bottom... Gold is the last chart on the link this is what a more basing action looks like JP

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