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


To: Bert who wrote (25965)1/17/2003 9:22:07 PM
From: Broken_Clock  Read Replies (1) | Respond to of 36161
 
Hey bert,
just to throw in some ammo on your side....
stockcharts.com[w,a]wacayyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G
The weekly xau shows a large triangle forming just like the one in April-Dec '01. You see the result!

This one is much larger going from 55 to 90 on the base. if it holds then a pullback to the upper trend line could take xau to 65-70 in the next month. Other interesting points of note are the three tests of the 200 day MA as well as the cross over into positive of the 50 day over the 200.