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

To: Zardoz who wrote (10880)	7/3/2001 10:19:26 AM
From: TechTrader42	Respond to of 52237

I wonder whether some will go back to their April lows. Look at NEM, for example. The 200 SMA is waiting for it at the April lows.

To: Zardoz who wrote (10880)	7/3/2001 10:27:52 AM
From: Chris	Read Replies (2) \| Respond to of 52237

macd looks at trend momentum. the other side of the coin is the xau might be in oversold territory. (e.g. stochastic)

To: Zardoz who wrote (10880)	7/3/2001 10:41:34 AM
From: donald sew	Read Replies (2) \| Respond to of 52237

Hutch, >>>> How can you say the XAU is a borderline Class ! BUY when the MACD is still in a stregthening downtrend? No to mention the strong downward momentum? Neither show sign of weaking or reverseing that trend <<<< I have my system that is probably different than yours. No need to get nasty. So you are SO sure that the XAU cannot bounce 1-3 points, or more once I get a CLASS 1 BUY. I have mentioned in the past that, when I was trading stocks that a CLASS 1 signal is normally good for a 1-3 point and possibly more move in a $50 stock, plus my CLASS 1 BUY signals are mainly to identify pivot points and do not really predict the size of the moves. I have probably stated that hundreds of times, since I have been posting since 1996. I even go into specifics on our website which is listed publicly and referred others in the past on several occasions. So if you did not realise what my CLASS 1 signals really mean, then it could be fair to say that you just ASSUMED that it was something that it was not. I have probably stated a thousand times that I play the short term moves, which could just be only a day or so, so you ASSUMED it meant more than that. And from your less than polite comment "HOW CAN YOU say the XAU is a borderline Class ! BUY when the MACD is still in a stregthening downtrend", it sounds like that if one doesnt use your system/MACD it is suspect. I dont recall saying that the XAU couldnt go lower, so is that another one of your ASSUMPTIONS.