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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Zardoz who wrote (10500)	4/23/1998 10:44:00 PM
From: Giraffe	Read Replies (1) of 116761

>>I disagree, I say gold does not CLEAR $320. But will sink below $300 in the near term. And I also believe that although TA is not 100%, it's more correct than most want to give credit to it.... But Elliot wave analysis is bunk {can be applied to everything, everywhere}<< I share your skepticism re. Elliot Wavering - it hurts my feeble little brain to sort through all those waves - but I'm curious as to what TA indicators or tools would tell you that gold won't go above $320? The garden variety indicators I use give me a pretty good sense of when we're trending or reversing and some good ideas about support and resistance levels but I haven't come across any technical indicators that would say x stock absolutely won't go beyond y price. I'd be interested to know what you're using to draw that conclusion.

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