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


To: marginmike who wrote (11082)3/7/2002 1:35:25 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
Thoughts on Gold today your collapse is here, you buying it?

Nope. This is the S.T. Bearish break I mentioned two days ago. Yesterday we now see it was a one day false upside break:

...unless today is a one day false downside break. I have immediately changed to Bullish although this may only last for a few days. Whatever the break in the wedge:
charts-d.quote.com:443/1015527026000?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:XAU.X&Interval=D&Permission=313753&Ht=400&Wd=600&Display=0&Study=RSI&Param1=5&Param2=&Param3=&FontSize=10

Play it and ride it above XAU 66.57 Long to XAU 71.80 or below XAU 63.45 Short to XAU 58.80. XAU closed at XAU 65.66 up 1.72 (+2.69%).

*************

That post should have read 'upside' not 'downside' break last night.

The sucker is ready to break.

Best Regards, J.T.