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Strategies & Market Trends : TA- Advanced GET

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To: Arthur Tang who wrote (330)2/24/1997 3:08:00 PM
From: Allan Harris   of 1551
 
Arthur,

Your post on the fundamental side of Gold is an excellent example of why I trade mostly by the chart patterns. Although all you said may very well be correct and pose a resistance overhang on any Gold rally, that kind of analysis is beyond my limited intellectual capabilities. I can sometimes see patterns in the charts that seem to be somewhat predicitive of future, short-term price movement, at least predictive enough for me to make a living trading those patterns. Trying to factor in the macroeconomic factors just gives me headache, although admittedly, an occasional entertaining diversion.

Allan P. Harris
trendysystems.com
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