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

To: Copeland who wrote (2881)	5/10/2000 10:47:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Copeland, the XAU did not rally last Friday on the WAGE inflation via the employment report, and doesn't seem to have that conviction yet to move much higher. XAU closed at XAU 60.39 up .42 (0.7%) We do have the PPI on Friday and the CPI on Tuesday which could change all of this. ABX was basically break-even until the final half hour. ABX closed up 3/16 to 18 9/16. It is still BULLISH and above all of its MA's. I just can't seem to close near session highs just yet. I want to see how ABX holds up tomorrow.. on a weak day if it stays above 18... I may re-enter, but I want to play this NDX for a bounce. Best regards, J.T.