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To: Shelia Jones who wrote (55646)8/9/1999 6:52:00 PM
From: NickSE  Read Replies (1) | Respond to of 86076
 
Shelia,

Lol...Here's the XAU P&F chart, courtesy of DWA & the PHLX exchange.

Looks like we got a double top buy signal today with the break of 68. We're still in a bear trend, but things are looking up. The first hurdle towards a bull case would be the penetration of the Bearish Resistance Line at 74. The second would be a spread double top buy signal with the break of 83.

PHLX Gold & Silver Index
204.232.40.6

Only gotten to chapter 2 on my new P&F book - how's it looking to you? (Besides perpetual short material - yadda yadda)

BTW, if you subscribe to DWA, check out the gold futures chart [GCQ9]. It's a great help in confirming moves in the XAU and gold stocks.

Regards,
Nick