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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: J.T. who wrote (2843)5/8/2000 4:12:00 PM
From: Lost to Voodoo  Respond to of 19219
 
BTW, NEM broke out nicely a few days ago and had a nice punch up at the end of today's session.



To: J.T. who wrote (2843)5/8/2000 4:19:00 PM
From: J.T.  Respond to of 19219
 
XAU closed down .36 to XAU 59.56 but bounced smartly in the last 20 minutes off critical support XAU 58.25

charts-d.quote.com:443/957816463070?User=demo&Pswd=demo&DataType=GIF&Symbol=XAU.X&Interval=15&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

ABX likewise after trading tightly all day b/w 17 5/8 and 17 7/8 broke the band at the end to finish at ABX 18 up 1/16
and break a 3 day losing trend. 5 day MA still Bullish against all MA's except 200 day MA at 18.13.
charts-d.quote.com:443/957817151010?User=demo&Pswd=demo&DataType=GIF&Symbol=ABX&Interval=15&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10

As ABX comprises largest percentage of XAU, Target remains XAU 68.

Best Regards, J.T.



To: J.T. who wrote (2843)5/9/2000 3:21:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Rydex. No change. Remain Long 100% Precious metals XAU Index.

As long as ABX 5 day MA remains above all other MA's 9 EMA, 13 MA, 50 MA and is on this 200 day MA - It alone will drag the index up.

ABX now at 18 3/16 up 3/16. XAU at 59.69.

Best Regards, J.T.