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


To: Paul Shread who wrote (28991)2/1/2002 1:07:10 PM
From: Roebear  Read Replies (2) | Respond to of 52237
 
Paul,
I guess that HUI/XAU shooting star is negated now, ggg. In the bear market days for gold over the last few days, gold often sold off on a Friday afternoon. No one wanted to hold a declining asset over the weekend, especially a holiday weekend when shorts often setup Monday morning ambushes.

I'll be interested to watch the activity this afternoon, would be an sentiment indicator.

No one has a good exlanation for this move except it's "technical".

Bullfeathers, price and its record in TA shows the fundamentals and/or the news that is coming, and this is very much a tendecny in the pm sector. You never hear why until the move is at least half over, especially the big moves. I particularly do NOT like trading PM's based on news.

Edit PS, 285 spot breached!

Best of luck,

Roebear