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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (87536)6/29/2002 10:48:50 PM
From: goldsheet  Read Replies (1) | Respond to of 116795
 
stockcharts.com

Point and Figure Charts do not seem to get much attention,
but this one could have been very useful a few weeks ago.

Three new high heading up to XAU 90, then a failure and a reversal (classic bull trap ?)
Went straight down to 73, bounced, then we brokedown again.

I previously said support was at 68, but 63-65 is not unreasonable.
Anyway, I have a shopping list and am looking for a good buy point.

Don't want to mention specific stock on GPM, but there is a lot of stuff down 30% (or more ) from very recent peaks.