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

To: isopatch who wrote (8581)	6/5/2001 4:12:17 PM
From: Arik T.G.	Respond to of 52237

Bot another Aug contract. Closing up today was a nice touch, but the big test is tomorrow. IMO the stronger it trades tomorrow, the stronger will be the trend (That's not EW but pattern). 38.2% Fib to the drop from the top is at 273.66 and 13 dMA is at 275.5. That should be the area of resistance for the ST. Lessee how it deal with that. ATG

To: isopatch who wrote (8581)	6/6/2001 11:53:55 AM
From: Arik T.G.	Respond to of 52237

Isopatch, Today's action is weaker then I thought. The 268 resistance on the spot from the last 4-5 days contained the first rise, and spot Gold visited 265.5 before going marginally positive as I write. I'd like to see at least another test of 268 today, even if unsuccessful, and a positive close, to maintain bullishness. ATG

To: isopatch who wrote (8581)	6/7/2001 7:30:11 AM
From: Arik T.G.	Read Replies (3) \| Respond to of 52237

Daily Gold comment: Yesterday's action not very strong but low from the 5th still holding. A series of higher lows since, with rebounds back to positive territory after each low, are a good sign, so it looks that the coming rally will not be sharp. There's a lot of disbelief built into Gold, and that's why whenever some consistency is proven in a local rally it turns into panic buying. The disbelief is greater now, after the last rally faltered. Maybe that's why the rally will have to deal with each local resistance individually- 268, 270, 273.5 . If Gold spot will trade over 267.5 again, it looks bound to break 268 and challenge 270. ATG