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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (65407)	3/11/2001 9:39:43 PM
From: Rarebird	Read Replies (1) \| Respond to of 116815

Mar 9, 2001 - Selling Techs and Buying Gold SHORT VS. LONG-TERM VIEW…Heavy technology selling pushed the Nasdaq Composite to a two-year low. That rules out the possibility that the market has bottomed. Our longer-term work, however, continues to show the Nasdaq in an area of long-term support. One of the things that has been missing from the Nasdaq downtrend has been a "capitulation" phase which is often a necessary part of final bottoms. Unfortunately, capitulation phases can get pretty ugly. (see Chart 1) TESTING TRENDLINES…Earlier in the week, we showed Nasdaq prices testing an 11-year up trendline. Chart 2 shows two other trendlines (drawn on a weekly log chart) that may come into play. The upper line (12/94) is drawn from the 1994 low. The lower trendline (10/92) is drawn from the 1992 low. The horizontal blue line marks potential support drawn along the highs of 1998 just above 2000. That makes 2000 an important chart and psychological support area. (see Chart 2) CPR ... Our Chart Pattern Recognition software that works with MetaStock has been out for almost a year now. It is working very well in automatically identifying chart patterns. We are very happy with the results. One of its features, besides showing you the patterns on a chart, is its ability to scan your stock files and show you a list of stocks with chart patterns. It can show you patterns that have just given signals - along with a projection price and time. The other neat feature is that it will also scan your files for patterns that have not fully formed yet, but enough of the pattern is there to be picked up by the software - kind of like a "heads up" on the pattern. murphymorris.com PS Some Investors/Traders must think that NEM, ABX, PDG and HM will earn more money in 2002 than INTC, CSCO and MSFT?