SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Waiting for the big Kahuna

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: dennis michael patterson who wrote (36230)1/9/1999 1:14:00 PM
From: bobby beara  Read Replies (1) of 94695
 
D. how many fingers am I holding up?

(seen Patch Adams? -=g-)

Holy Roman Empire Batman! Bamm Poww Pop!

The Italians are at it again.

The XAU hit it's waterfall momentum decline bottom on 12/8/97
fibo 377 days later 12/20/98 only a couple of days away from the recent actual bottom.

The XAU hit it's early January 2ndarey price bottom on 1/12/98
fibo 233 days later on 9/1/98 we hit the final peak decline bottom (third times a charm)

If you look at the closing price chart the support/resistance line is @70 which we retested after breaking it on Thursday.

I expect the XAU to quickly move up from here to 80 as all the people who follow the XAU and got bearish (like me) will see the reversal and jump back in like NUTZ.

bb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext