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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (36156)1/7/1999 8:26:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Haim, XAU looking very nice here, broke thru 68 resistance and now it would be nice to have a corrective pattern and find 68 as support.

OSX looks very spiffy too.

The CRB needs to take out 200 to break downtrend line. Furst time in over a year for crb to take out previous support.

There are a lot of similarities in the chart patterns and the internals of the XAU between now and the 1986 bottom (which was also a 6 year cycle bottom in the CRB)

Some cycle work I follow called for a bottom in early to mid January, but maybe December did the deed.

Gettin older an nutzier by the day!

Go NUTZ! Trade Naked with Velcro! ~~~~~ __+__ ~~~~~
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