SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?


To: Daveyk who wrote (4246)8/29/2000 2:03:04 PM
From: J.T.  Respond to of 19219
 
Dave, we just hit another intraday low of XAU 50.58 - a middlepoint of sorts from fib 50.72 and 23rd intraday low of 50.46.

Now what they (the institutions) do in the last ten minutes before the close is anybody's guess.

Yesterday they spanked it down hard. Today they may do the opposite... take it back up to unchanged area before the bell ...I never know what game will show up. Like the NBA in the last 2 minutes of the game.

I just know we are very near a low...

Best Regards, J.T.



To: Daveyk who wrote (4246)8/29/2000 4:14:45 PM
From: J.T.  Respond to of 19219
 
Dave, we hit an intraday low of XAU 50.42 so we pulled our 100% retrace from aug 23rd intraday low. Closed at XAU 50.56 down another 45 cents .88% a low right into today's new moooon.

Inversion time??

XAU 5 day rsi closed at 34.57

ABX 5 day rsi below oversold at 24.44
NEM at 29.18
PD at 36.54
AU at 43.14

Think tomorrow the turn date??

Best Regards, J.T.