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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: TrueScouse who wrote (3239)4/24/2002 3:49:20 PM
From: KipferlMeister  Read Replies (1) | Respond to of 39344
 
<<I count about 8 attempts to take out $305 in the last 24 hours >>

It's been a battle indeed, Howy. I'm of two minds on the whole support/resistance thing. Sometimes I'm convinced that repeated probes of S/R weaken the level and make a breach more likely; other times I think it only strengthens resistance and makes some final collapse/bounce off of it all the more violent. You're the TA master, tell me which it is!



To: TrueScouse who wrote (3239)4/25/2002 12:02:42 AM
From: LLCF  Read Replies (2) | Respond to of 39344
 
This rumor has probably been around but I've heard that the CBs and those who would have a problem with gold rallying have drawn a line in the sand @ $305. Don't know why it makes any sense.

dak