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To: Rarebird who wrote (7118)	8/12/1999 12:20:00 PM
From: goldsheet	Read Replies (1) \| Respond to of 81226

Gaps like to get filled. This morning the XAU gapped up about .5 from yesterday's close of 71.02, went a hair over 72, then went down to fill the gap, currently trading at 70.87. There was also a big gap from the August 10 close at 67.78 and Wednesday's open near 69. Dropping down to fill this gap would be a great technically. Take a look at a 10 minute chart at: quote.com I would also like to see the XAU take "rest" here and give the underlying gold bullion a chance to build a strong base above $260.00 I want to see the XAU go up, but I want to be sure it is going up from a firm base. Bob Johnson goldsheet.simplenet.com

To: Rarebird who wrote (7118)	8/12/1999 2:51:00 PM
From: Jim McMannis	Respond to of 81226

RE:"Tom, the XAU is encountering enormous technical resistance at this level. This is the level where the XAU gapped down on that fateful day, May 7. I'm no chartist; but I do know that it will take a while to break through the nightmare of this gap. I'm wondering how you can be so overly optimistic about the XAU overcoming this gap on its first try. My experience here has been that it will take some backing and filling and a few attempts before the XAU succeeds"... Sounds like you'd make a pretty good Chartist to me.

To: Rarebird who wrote (7118)	8/12/1999 3:39:00 PM
From: Tom Byron	Respond to of 81226

with tomorrow's close, we end the 8th week from the end of the last xau 38 weeks cycle.....pressure is a-building since we are in the UP side of the cycle.. 19 weeks up - 19 weeks down (all of this TIMEWISE cycle talk)...:)