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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (5892)	1/4/2001 2:43:15 AM
From: J.T.	Respond to of 19219

Mike, I am not Bearish on gold or XAU. Still have NEM. With the dollar reaming the euro into the ground today I just did not want to see or experience the XAU to potentially bleed back to XAU 47 good hard support level. Greesnpan turned the spigot wide open and Bullz time to dance. With XAU TA shrinking dramatically in a new york minute, it is possible I could switch back into XAU in 2-3 days if this market continues to rumble further north into double overbought levels. I will play Long the hand has been dealt. The deck is stacked long now. Best regards, J.T.