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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (52632)	5/12/2000 9:40:00 PM
From: TATRADER	Respond to of 116820

rare, targets are low, to make sure they get hit... XAU update The XAU is now at a critical juncture..We have a flagpole with pennant formation..Apex is forming in the 58.75 area..Basically what it means, is that break time is coming, and coming soon..(either this is real bull or the 180th false alarm) Since pennants usually continue the break in the direction of the flagpole, and since the flagpole was up, we would venture to say that the next break will be up.. Pole measures from 55.55 to 63.26..Difference is 7.71.. Add 7.71 to 58.75 and you get short-term target of 66.46... As I mentioned sometime ago, the next spike should be to the 64.50-66.00 area... HM led the gold pack today...We have a small rectangle here or a flagpole with flag...The flag is about 50 cents in size, so the minimum move should be to 7.75 sometime next week..Longer term measuring the pole at 1.25, 6.00-7.25, look for eventual move of 1.25 from break point at 7 1/4 on the bid..That gives us our target of 8 1/2... I may have bought NEM early today, but my fast stochastic gave me the buy signal, plus if you look at the pattern, the neckline is sitting right under 25.00...Usually I am one day early on my NEM entry, so if the specialists take it down to the 24.00-24.50 area Monday, it would be flashing a strong buy indicator... Regards, Mark