Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: bobby beara who wrote (6522)	2/8/2001 10:37:27 PM
From: Casaubon	Respond to of 19219

good call BB. I'm not playin gold. Instead, I'm finding short candidates. Since gold is considered to move up when markets may be hinting at further declines, I just assume find a short to play. Gold is a cheap commodity.

To: bobby beara who wrote (6522)	2/9/2001 2:32:15 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

i sold some gold stocks into that big 3 point rally a coupla weeks ago and been lightening up since then, sheesh bobby- where did u post u sold into that jan 22nd 3 point rally close xau peak? I musta missed it... U did call the bearish wedge nicely though... ************ To:J.T. who wrote (6248) From: bobby beara Monday, Jan 22, 2001 11:08 PM Respond to 6249 of 6523 yvan (precious waves) is just one more cool dude to bounce your theories off of. i'm half long gold stocks and half short nasdaq. ispeculator.com even though the volume, internals and other technicals describe a bottom the price chart indicates a bearish countertrend rally wedge. b ****** On February 5th midmorning and before the XAU broke down - I mentioned the cycle low into new moon and that lower XAU gap that might get filled: ************ To:David Lee Smith who wrote (6479) From: J.T. Monday, Feb 5, 2001 11:15 AM Respond to 6484 of 6523 David, Look at some of these gold mutual funds like franklin gold fund and you will see they have bottomed in november. Franklin Gold closed at a new high on friday dating back to Feb 22, 2000. We get thru this cycle low into the full moon on Feb 8th for gold bullion we should be ready to go. Quite frankly, I wish the XAU would fill that friggin gap at 47.53 - 47.69... Best Regards, J.T. *********** The lower gap is now filled and the cycle low is in. Like all technicians, I give myself +/- 1 day so it is possible we get one more lower close tomorrow but that is it. To be fair, my XAU 56.50 - 56.90 proved too optimistic too early and is still an elusive target for me. I have noted strength in lead sled dog for gold the JSE all gold index and it again closed higher to close at JSE 927.50 its highest close since Jan 23rd when jse closed at 940.60. After that close is out you have to go back to October 2nd for the last high: bigcharts.com I have also mentioned strength in gold funds such as Franklin Gold and prior to today's close was banging on 1 year highs. XAU 5 day rsi is at double oversold levels 22.64 as XAU closed down to XAU 46.37 - its lowest close since November 29th. Wada beautiful chart isn't it? stockcharts.com[l,a]daclyymy[pb50!b200][vc60][iUb14!La12,26,9] I am going gold stock discount sale shopping tomorrow... Best Regards, J.T.