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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (30918)9/24/2000 11:23:43 PM
From: Terry Whitman  Respond to of 42787
 
Thanks Jorj. Your read jives with mine. 'Looks like a reversal is imminent, but no price confirmation.'

sam o - GOLD had some bad news, it may lag the group. I look at NEM as more of a bellweather. Some gold bugs are now watching the HUI index instead of the XAU, since the XAU now has PD (copper producer). The XAU hit new lows recently, while the HUI did not.

This euro rally may fall flat if the artificial support is abandonded, and that wouldn't bode well for gold in the ST.
I still like the odds of a fall rally in golds. Happens most every yr.

TW



To: Jorj X Mckie who wrote (30918)9/25/2000 10:40:15 AM
From: James Strauss  Read Replies (2) | Respond to of 42787
 
I am going to start taking positions in gold stocks this week.

JXM:

There is intermediate term trendline resistance on the XAU in the 54.00 area... If you are looking for a short term trade you could play it to the 53.00 area... If it can get by the 54.00 trendline resistance, you have tests at 56.00, 58.00, and 61.00...
bigcharts.com

Jim


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