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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Terry Whitman who wrote (7964)5/24/2001 12:10:03 PM
From: donald sew  Read Replies (1) | Respond to of 52237
 
Terry,

>>>> Parabolic charts are never pretty once they are past the peak. <ng> I am not encouraged on gold here with the breakout in the dollar. <<<<

I checked the chart on the US DOLLAR, and dont see a breakout. It seems that it is trading in a range from 114-118 since mid-MARCH.



To: Terry Whitman who wrote (7964)5/24/2001 4:48:10 PM
From: isopatch  Respond to of 52237
 
Ditto on gold. Out of AEM, HM & 2/3 GLG

yesterday vs good April entries.

Walked away with nice gains. Though missed top by more than usual due to illness. Hence my sparse posting this week.

BTW, if you look at historical charts for gold in the 70s, 80s etc. you'll notice that most ST highs during important up trends are parabolic and selloffs often very sharp.

This is simply a function of the PM sector being far lower in capitalization and trading liquidity for the degree of attention it receives from investors vs other popular market sectors.

Trying to catch up reading the thread. Lot's of good posts so far.

Regards to all,

Isopatch