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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (15145)	7/4/2002 1:53:29 AM
From: nspolar	Read Replies (3) \| Respond to of 36161

An interesting XAU tidbit. Was looking at the weeklies on decisionpoint. One of their indicators is the PMO oscillator, of which two are used. One is a lagging. A reversal of the PMO on the XAU weeklies is in progress, and essentially to the point one can call it a reversal. The best use of the PMO is perhaps prediction of trend reversals. This reversal is of course down. Since just before 2000 the average length of a trend, using the PMO on the weeklies, has been about 2.7 quarters, with the tendency towards decreasing time between reversals. A LOT of noise in between some of the reversals. This noise is good for nimble traders, but for others can be dangerous. What does this mean? Maybe nothing, or maybe that the next major uptrend in the XAU is further out than many of us presently speculate, and that the breakdown in the XAU could perhaps be more severe than some of us (myself included) have predicted. Just reporting the data as it stands, and imo a piece of information to file away.