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

To: re3 who wrote (10046)	2/1/2002 12:38:11 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

I sold out of all gold positions for profit. I have been waiting for a pullback that has obviously yet to materialize. XAU is very Bullish and one of only a handful on indices UP for the month of January. XAU 61.33 is the highest close since May 23, 01 (XAU 61.35). This sucker could break out right and now tomorrow or turn back down and test support at XAU 57.50 area or possibly kiss the 50 and 200 day MA's at roughly 55.50 area. XAU 50 will come into play now only if GATA judge says 'nyet' to formal hearings... and case is thrown out.. XAU is a powder keg that could blow at any time. And with the JSE all gold index making another new high... I don't like being on the sidelines waiting.. ah... but that GATA judge still needs to be heard... could splash cold water on this leg up...or melt-up...any day now judge... Best Regards, J.T.