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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: NW_Trader who wrote (19493)	12/10/2000 8:12:05 PM
From: TATRADER	Respond to of 59879

Nightly gold report... using a combination of Gann and Fibonacci, I am looking for a pullback on the XAU to the 47.75-48.50 area...If this occurs it would place our AEM back on the buy list...Buy area of AEM for long-term portfolio in the 5.87-6.06 area,(that's right where I have owned it for the past 2 months) no higher...Look to rebuy NEM in the 15.00-15.37 area..There has been some nice accumulation on NEM as of late, and I anticipate NEM will find good support at the 15.00 area...One of the indicators I use on NEM is the 5 period commodity channel index, set it at 5 periods...Note the descending tops, also harmonize it with the 8 period fast stochastic..Shows confirmation of declining tops... Thus, while I remain long-term bullish on gold, I would wait to open any new positions on gold until our pullback target areas are hit, or sell any long position trade on a gold stock into the 52.75-53.00 area of the XAU.... Will post the nightly tech gizzard starting tomorrow, some nights no post, because it has to have a suitable pattern or no sale or no watch list... Regards, Mark