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

To: J.T. who wrote (8417)	8/24/2001 9:18:04 AM
From: re3	Read Replies (1) \| Respond to of 19219

meanwhile the yellow doggie is down 2 bucks overnight... p.s. do you follow franco nevada on the Toronto Stock Exchange at all ? and p.s. # 2...when you are long gold stocks are you generally over or underweighted on the s.african golds...they are starting to worry me...hiv issues and all... thx

To: J.T. who wrote (8417)	9/4/2001 1:25:15 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Re XAU and Gold: Today is the 1st trading day after the full moon on Sunday. XAU has clearly broke down and will now get that flush out I want before the next launch up: From MITA 8432 Tuesday, Aug 28th: ...<XAU finally commences the pullback we are looking for this week into the full moon on September 2nd. Since this falls on a Sunday, look for bottoming action around Friday, August 31st +/- 1 trading day (Thurs Aug 30th or Tues Sept 4th). I would not be surprised to see a bottom earlier rather than later given the strength the XAU has characterized on pullbacks. I would like to see a one day false break close below XAU 56.50 - 56.60. I will be looking for re-entry into a weak close that same day if we have penetrated below this important support level. XAU closed down .87 cents to XAU 57.39 down 1.5%. There is an outside chance that gap from Aug 8/9 could get filled at XAU 53.33 - 53.65 this week, but I will not hold my breath waiting for it to happen>>>>... I am now playing for that gap to get filled at XAU 53.33 - 53.65 with gold down 3 bucks and XAU 55.66 down 90 cents. "XAU is at or very close to a bottom before the next launch in September. If we get one hard spike up in NDX On Tuesday or Wednesday, I will most likely redeploy and position into XAU Precious Metals in Regular Series." I will wait for the gap to get filled. Best Regards, J.T.