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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (20477)7/11/2002 10:19:32 PM
From: Frederick Langford  Read Replies (2) | Respond to of 26752
 
Did you see gold fall as the market rose?
Gold is tricky cause it has powerful forces keeping it down for various reasons.
But, if you can get a good relatively unhedged company at a good price, there is a very good chance, considering current geo/political realities, you will be able to sell to someone else for a higher price.

Fred



To: Susan G who wrote (20477)7/11/2002 10:27:44 PM
From: Susan G  Respond to of 26752
 
Charts of the Nasdaq COMP and NDX current daily trading ranges.

Nasdaq Comp

mywebpages.comcast.net

NDX

mywebpages.comcast.net

The clue to watch for a hint this move has staying power is if the 20 EMA daily can be taken out - and HELD. It's 1045 on the NDX, 1040 on the COMP. Shorts will be waiting there for the grail sale at the backside bounce at the EMA, since the ADX is still in short all rally mode. The battle will be interesting for sure!

These EMAs has been unbroken - not even a spike into it -since the end of May. There have been only 10 closes over this EMA since April 1st! So a break over it will be very meaningful - IF a week later it's still over it, it may be a good sign that the bottom IS in.