Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Frank Pembleton who wrote (2569)	10/8/2001 8:45:02 PM
From: Roebear	Respond to of 36161

Frank, Congrats and TA observations, Posters here have been really hitting a Grand Slam. Congratulation to you, JWest and iso on the cool posts. TA is showing a lot of symetrical triangles on Naz stocks and HUI/XAU stocks, including the HUI/XAU indexes themselves. These sectors have gone their separate ways (high negative correlation) since about a year ago. Seems one sector will break up and the other down. Since symetrical triangles often break in the way of the trend, it would appear Gold up NAZ down. Opinions? Wait, before anyone answers that, there is a pattern on the XAU weekly and to a lesser extent on the HUI weekly that occurs before an uptrend. Happened two times in the last year, two out of three rally showing on weekly. This is the third time, is it the Charm?? Three weekly doji's followed by a down week and then a good trend up. Doji's on XAU are near perfect and near level, on HUI not so perfect and trend down a bit. Chart Food for TA Thought. Roebear