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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: Arik T.G. who wrote (342)8/22/2001 9:48:42 AM
From: JWest0926  Respond to of 36161
 
While your ta on gold is much more in depth Arik T.G., we we are in agreement. My simple mind looks at a weekly chart of gold and says full throttle ahead on any confirmed breakout of last weeks highs in POG. I expect this breakout to come within the next month, after a possible backtest of the lower $270's.

In the very ST, I am slightly bearish on the metals stocks, due to the latest albeit dated COT #'s. In my short history of following the COT#'s, I have never seen securities move positively while the commercials have been increasing their short positions. However, GOLD is not your normal market, and the ability to rally strongly even with the negative COT #s would in my mind be a huge positive.

Anyone know an easy way to post free java charts?

Thanks,

JWest0926



To: Arik T.G. who wrote (342)8/22/2001 10:30:05 AM
From: isopatch  Read Replies (1) | Respond to of 36161
 
Arik. Excellent Elliot Wave and TA presentation covering

the various time frames.

Actually, we've been looking for a good waver whose skills extend into other areas of TA, going back over a year on the old thread.

IMO, you're really adding value to the discussion. Glad you're here.

Isopatch



To: Arik T.G. who wrote (342)8/22/2001 11:05:58 AM
From: Davy Crockett  Respond to of 36161
 
Hi Arik,

Excellent T.A. analysis of Gold.

Thanks for the EW education -- Great stuff:)

I also agree that we have moved into a long-term bull market in Gold. Which is why I am 100% invested in various Gold juniors.

Regards,
Peter



To: Arik T.G. who wrote (342)8/24/2001 10:50:34 AM
From: yard_man  Read Replies (1) | Respond to of 36161
 
down through that level -- more time to work things out, eh?