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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (38174)	7/20/2002 2:35:59 PM
From: Lucretius	Read Replies (1) \| Respond to of 52237

so, you think gold is going higher?

To: Frederick Langford who wrote (38174)	7/21/2002 4:26:34 PM
From: Jerry Olson	Respond to of 52237

Well Freddie let me clarify this whole gold thing... a ways back Paul asked me about the XAU it was trading at 68...at the time we got a reversal down in the BPPrec..and after checking this chart for the first timne ever..i am NO gold bug...i said it looks like it could retreat to the high 58/59 area..it did not.. it did reverse down however to 62 and just a quick 3 box reversal back down...after that i was not posting much on it till Jtech asked me am i short or long gold.. well it already exploded up on the chart breaking a double top at 70 and then rallied all the way to the top at 88..now that was some run, and i'm sure you made excellent bucks on the run... many gold stocks rallied up as well...so basically i missed that call...however that index, and i am now following it and the futures for fun, has given a High Pole warning to the longs..i reported that here... it's already made 2 lower tops and bottoms and if it cannot get up right now and start to move higher on a 3 box at 76..which btw would be the the 3rd lower top..it could be introuble..now if it breaks 68 it's going to 62 the BSL... i have not completely figured out the correlation to the futures and this index...since they seem to diverge..in fact that's happening right here..it happened on Friday.. so yes Freddie you did well on the way up and i was behind the curve... i am now in front of the curve trying to catch up still<g> time will tell...of course i have been known to be wrong<g>