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Strategies & Market Trends : Point and Figure Charting

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To: Jorj X Mckie who wrote (62)	1/23/1998 7:47:00 PM
From: Ms. X	Read Replies (1) of 34808

Pizza, beer and market buzz.... Gold sector is starting to look great, reversing up from the 10% level to the 16% level. (Dorsey updates weekly. The sector reversed after last update I believe.) Wow was that oversold. It has created a higher bottom on the bullish percent but will not give a buy signal until 30%. Still a good time to consider gold stocks. I'd wait on index options until the buy signal on the bullish percent. I'd also wait on stock options too. ABX created a double top today at 19. 19.5 is a spread double top buy and another double top. Breaks brl at 22. I think buying ABX here brings you in most probably at the bottom. Movement to 15 would prove me wrong. If nervous, wait for the break on the brl at 22 and then buy on a pullback. Sector has reversed up for you Tom, there is your virtual beer! I'm going to do another post on gold stocks that have good RS and above the bsl. Cheers

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