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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (16023)	2/3/2003 12:40:10 AM
From: macavity	Respond to of 19219

Gold! Buy the dips! What else do you need to know? Ah, when the dip will happen? No idea. My TA: Intermediate Term Essentially Intermediate-Term (IT) Momentum indicators are weakening / bearish at the moment. Positive for Gold, Bearish for Gold mining shares. However the LT trend and momentum remain positive, so consolidation should be viewed in a positive light. The drop in IT momentum may be a function of the past 6 weeks consolidation as we have not yet had a lower low in mining shares yet, and we are far from one in Gold the metal. Until $HUI=137 is taken out we are just consolidating in the 135-155 region for the shares. Should this level be broken we would have formed a double top pointing to $HUI=115. So bullish, but wait for the breakout $HUI>155 or buy at support $HUI=140-135. Short Term. I see a possible rally here in the next 1-2 days if $HUI>142. As Hourly PPO-Histo is negative, but rising. Disclosure. Long $GOX Feb 70C -macavity