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To: LLCF who wrote (50912)3/30/2000 1:05:00 PM
From: Rarebird  Read Replies (4) | Respond to of 116762
 
It's broken. The only question in my mind is whether the 48 level will hold. I think not. HM and PDG are not acting today like the decline is over: they are forecasting further weakness as we speak.

Their is not enough despair in Gold land yet for the decline to be over. A break of 48 on the XAU will do it. You'll start seeing massive liquidation and true capitulation. Every gold bull will be proven wrong if that takes place. I'll buy into that.



To: LLCF who wrote (50912)3/30/2000 1:25:00 PM
From: long-gone  Respond to of 116762
 
<<I've found that there are many times fake breakouts and breakdowns... I think we should wait a week before saying that the chart has broken.>>

No form of charting can work in a manipulated market.