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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: At_The_Ask who wrote (62792)	1/6/2003 12:10:51 PM
From: JRI	Read Replies (3) \| Respond to of 209892

Anyone looking for this to die by tomorrow morn (latest) for a decent pullback (if not harder down)?.. Hoping for one more push to 8750-8800/1420-1425 to enter decent-sized postion....we are so close to those levels..

To: At_The_Ask who wrote (62792)	1/8/2003 6:44:45 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

ATA, a 10% stop on a $360/oz metal seems a bit steep. Bob Prechter is getting a bit liberal with the risk he's willing to take with my money...-g. Seriously, I am not certain what's the story with gold right now. On the hourly, it looked like a topping 5 of 5 was unfolding, but I don't see the pattern clearly anymore. Must be noted that the hourly is now sporting a series of bearish MACD divs. I am using the GC03G contract (QCharts). I am new to futures, and I find this one to be pretty wild - at times, no liquidity, at other times, it runs like crazy. Hochberg of the EWI sees gold forming an ED, but I can't see it. The (hourly chart's) trendlines do not converge, they are pretty parallel. I was (beginners luck?) able to trade it a few times nicely long and short over the past few days, and i'm trying to accumulate now a short position. Any thoughts anyone? Any suggestions for an alternative vehicle (futures) for analysis and for trading? TIA.