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

To: OVETUS who wrote (6492)	2/6/2001 12:00:54 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

OVETUS, I think NDX/COMP will have one more mini-downdraft... NDX will have 1 close below NDX 2,460... then back up.. Fits right in with CSCO after the bell... not up to snuff on forward guidance will put a little more fear into the market... what it needs to keep em off guard... XAU lower gap is filled.. Weak action today as expected into the cycle low. Just don't want this to take on another life of its own.. lower that is.. XAU now has 5 upside gaps to fill- BULLISH: 1) XAU 48.18 - 48.60 2) XAU 48.72 - 48.88 3) XAU 49.24 - 49.75 4) XAU 50.30 - 50.94 5) XAU 51.56 - 51.99 To pound even more Bearish sentiment into the picture, rumors that S.A gold mining companies are now selling gold and hedging production while India is selling gold to offset earthquake natural disaster... Maybe rydex TA will collapse after today's close... I sure hope so.. XAU now at XAU 47.29 down $1.31 down 2.7% XAU and gold close to a nearterm bottom within 1-2 days... then back up... Best Regards, J.T.