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

To: James F. Hopkins who wrote (8873)	10/9/2001 6:12:54 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Trouble on the XAU break. Not only the gap needs to be filled 53.33 - 53.65 (August 8th, 9th) but the 200 day ma at 53.72 needs to get tested. XAU closed at XAU 55.26 down $1.84 down 3.2%. This is the lowest close since September 7th, the last trading day before the WTC tragedy. stockcharts.com[w,a]dacayymy[d20010617,20011009][pb50!b200][vc60][iUb5,21!La12,26,9] If it gets ugly another gap at XAU 51.87 - 52.02 on July 9 -10 over on the left of the above chart which would scare the rydex precious metals long TA and get sentiment back to Bullish category. I will get super Bullish once one or both gaps get at least partially filled and Rydex Precious Metals TA shrinks below 70 Mil and complies with the break. Best Regards, J.T.