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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Lucretius who wrote (37580)4/30/1999 11:42:00 AM
From: Terry Whitman  Read Replies (2) of 86076
 
Looks like it's a little "Sell the news" today in gold stocks.
Pretty weak though so far. I see support at xau 72.5. If you're nervous, you could put stops in just below 72.5 area. See charts:

quote.yahoo.com

Lower resistance levels at 71.75, 70.0, 68.5

I'm not gonna have my stops too tight- because I think this pullback will not last long, and the peak is well ahead. Are you buying.

No Dow theory confirmation. in my opinion till you get at least 2-3 consecutive closes above the old high- Still in Double top range till then.
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