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Strategies & Market Trends : Harmonic Trading with The Phoenix -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (110)12/3/2002 9:08:47 PM
From: the-phoenix  Respond to of 941
 
A Short-Term Bullish Take on Gold:

This new software I am playing with says we have a Bullish Gartley reversal in HUI here in the daily charts:

ttrader.com.

There is a fib used here that is new to me: 1.414 (square root of 2), and another: .447 which is...??

This Bullish Pattern has set up inside the Weekly Bearish pattern that I posted last week. If the rally out of this Bullish Gartley takes out the "A", it will invalidate the Bearish Butterfly that I have been tracking.



To: the-phoenix who wrote (110)12/7/2002 6:14:26 PM
From: the-phoenix  Respond to of 941
 
It would seem that the Bullish Butterfly patterns that appeared to be forming in the Gold indexes have been invalidated. Friday's continuation of the recent rally has taken out the "C" of the previously posted patterns.

Instead, the $XAU is very near to completing a (smaller) daily Bearish Gartley:

share.esignal.com

There is a very tight reversal zone of only half a point, just a couple points above Friday's close.


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