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

To: J.T. who wrote (10280)	2/12/2002 9:34:25 AM
From: nutxspirit	Read Replies (1) \| Respond to of 19219

It could be that you both will be correct but in different time periods. Gold stocks appear to be pulling back in a consolidation. (Some pulling back to their Head & shoulder breakout points). The general market could move up during this time span. I think that gold has entered a bull market and the Rydex TA numbers may be on the low side because more and more investors are going to enter the gold market as they realize this. I also like other metals and is one of the reasons I like oil here. Looking at the oil and oil service stocks on a weekly basis, you can see good bases being built and waiting for breakouts too take place. I think gold has already put in the base and has just broken out. ALL JMO. So wouldn't it be great if we are all correct. Pat