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

To: Frederick Langford who wrote (20629)	7/15/2002 2:17:13 AM
From: TWICK	Respond to of 26752

An "Out-Of-The-Box" thought on the XAU. Everyone keeps talking about the S&P head & shoulder. What about the same thinking on the XAU ? Maybe some kind of double-top, head & shoulder (Shoulder @ $50.00 - Head @ $80 to $85ish). At first I was thinking that I was looking at a bullish flag (lower black box), but I stepped back and saw the steep run from the 2000/2001 bottom. Pretty steep. Then, I looked at the Nasdaq and I'm seeing either a broadening bottom, or a diamond forming. Too early to tell, but earnings coming up, and I think that they will guide higher. Add some time for J6P to funnel more $$ into the markets, and you should see the diamond IMO. Tried to apply the diamond theory to the XAU. home.attbi.com The big picture: home.attbi.com Just a thought. Twick