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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Tom Byron who wrote (2501)12/8/1998 9:52:00 PM
From: Tom Byron  Read Replies (1) of 81205
 
looking at the weekly xau with slow stochastics....whereas before i felt that we might have one more small bounce up to the 89 ema line now looking at the lastest crossing on the slow stochastics of the "red and the blue" line, I feel now that the top for the current 19 weeks up cycle is in....we are now into wave 7 of the 9 waves down from april, 1998. the early turn down of the current 19 weeks cycle is early but that's the way is generally has been since the start of this bear in june, 1996...the weekly xau is pressing up against the upper channel line of the bar chart which starts back in jan 1996...think the end of this sideways movement which began about dec,1997 is over (sorry searle but that channel down line on the weekies says that there ain't any more room. either it breaks out and thru the top channel line and REALLY beings the new bull market or we head south in a big way.....although i am not charting the crb...from what i hear we could have a major break to the downside in motion at this time
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