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


To: J.T. who wrote (7510)4/4/2001 11:31:35 AM
From: Rextar98  Respond to of 19219
 
Thanks JT!

Looking back at at recent tops and bottoms Rydex XAU assets were as follows:

Sept 7th 40 mil (top)
Nov 7th 26 mil (bottom)
Dec 27th 44 mil (top)
Feb 14 around 28 mil (bottom)
Mar 9th we hit 47 mil (top)
April 3rd 23 mil (bottom?)

Looks like the cycles are getting shorter and the swings are getting larger.

I am going to assume this is another bottom and look for a short term top around 51 mil toward the end of April.

Target price for NEM around 21 bucks.