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

To: long-gone who wrote (87547)	6/29/2002 11:53:39 PM
From: Gary H	Read Replies (1) \| Respond to of 116791

Take a look at that same xau chart in candlestick form, stockcharts.com and comparing the MACD at the previous low and the MACD for the current low. You have a divergence. With MACD Histograms, the best way to think of it is, anything below the zero line should be considered the strength of the "Bears" and above the zero line as the strength of the "Bulls". You can see that the bears were stronger on the last dip then they are now, which suggests that the price will not go much lower.

To: long-gone who wrote (87547)	6/30/2002 12:00:26 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116791

According to John Murphy, pre-eminently acknowledged market technician, and author of the "BIBLE" on TA digested by the serious practictioners, there are only TWO TA techniques that have done better than 50/50% or "darts" in accurately predicting future price action. P&F is one of those two. g_t

To: long-gone who wrote (87547)	6/30/2002 11:20:43 AM
From: goldsheet	Respond to of 116791

> Doesn't gold price really seem event driven? Maybe short-term blips, but we always go back to fundamentals (and even technicals can help) in the long-term. Also, I really did not even say anything about the gold prices, but that gold stocks had been ahead of bullion. They were priced like bullion was already $350 (or more), and started to correct even before bullion started to drop. I'm not greedy and I'm not afraid to sell gold stocks instead of only buying them, so I have no problem replacing stuff I sold at 30% discounts. The method has always worked better (for me) than buy-and-hold. Besides, how can one make money if you never sell ?