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Strategies & Market Trends : The New Bull Market. -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (1065)	7/26/2002 12:22:46 AM
From: GROUND ZERO™	Respond to of 1750

Markets are lower this moment... GZ

To: Rich1 who wrote (1065)	7/26/2002 10:24:01 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 1750

As to Gold..... Two scenarios: There's a weekly fork median line at 305.5 exactly and the market had responded..., the sell off might hold here on a bounce into the close....? TWO: The price in the GC02Q contract has broken below the daily forward fork median line that supported it.... and this area at 310 also had some technical horizontal support. There's a gap that was left open around 305.00 and another at 300.00, 292± which I fear may be filled as well. At 292 is the lower tine of this forward daily fork... Whatever the reasons for the turn in gold.... it's in a clear bearish trend... and now with this mornings drop the "M" pattern in the price is confirmed and I'd expect these lower gaps to be a target along with fibs. Perhaps it will be a short lived drop....? Remember these are my opinions presented here in public for "Fun"... not finacial advice... and I am not a pro.