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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (23586)	12/16/2002 5:44:13 PM
From: Roebear	Respond to of 36161

valutrader, Interesting factoid. (Understand I have to use the XAU as the HUI doesn't go back to 93 and these are all weekly charts) The 93 xau bull market, the 98 fall rally, the 99 fall explosion and this current gold rally all started from the test of a H&S neckline. Differences? Oscillators were more bullish in 93 and now, though they were bullish divergent in all above cases. 93 and 98 first violated the necklines for three weeks before bull run/rally, with a retest 9 weeks later in 93 bull. 99 and current rally did not violate neckline of preceding (small) H&S. This may indicate that the smart money was both smart and confident, but perhaps in 99, they were also anxious to take their money after a few weeks back to the tech money making machine. Neckline violation of the 99 H&S from the Autumn of 99 rally (not the small H&S preceding that which I am talking about above) resulted in the Autumn of 2000 bottom near XAU 40. I suspect that will be the XAU/Gold bottom for quite a few years. I certainly am not covering all the things that can be gleaned from these charts, I don't have the time right now. But there are some interesting patterns in these old charts that may repeat. If anyone is interested in discussing these historical patterns, PM me with your own observations and I'll get back to you as time allows. Best Regards, Roebear