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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Chisy who wrote (7234)12/28/2000 12:19:58 PM
From: James Strauss  Read Replies (1) | Respond to of 13094
 
Chisy:

The XAU is up against its 200 day MA... It has failed there before... The big move came off the Oct/Nov double bottom...
bigcharts.com

Note the recent gap up in the past 6 trading days... The XAU went flat from that point on... It looks more like a possible island reversal formation in the making... With interest rate cuts on the horizon, it reinforces the argument that we are not in an inflationary environment... That's usually not good news for the metal stocks...

Jim



To: Chisy who wrote (7234)12/28/2000 2:00:10 PM
From: Jibacoa  Respond to of 13094
 
<<Looks like the XAU is making a head and shoulder bottom>>

It seems to have support at the 51.31 level. That was the H on Dec.8 and the lower lip of the up-gap on Dec.19-Dec20.Presently trading at 51.89

Bernard


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