SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (28334)2/19/2003 10:11:38 AM
From: Arik T.G.  Read Replies (3) | Respond to of 36161
 
Gold

POG looks like it exhausted the fast move down from the high. Wow ! 8 days in a row giving back 27 days of the rally.
Usualy the first move down from a high has a test after 2-3 down days but Gold never looked back.
We should expect a correction, maybe violent, to ~357. Then I guess a second leg down, that will take out the 342 low from today but nothing below 332. That should be the IT entry point IMO.

Edit: this post has been on "preview" about an hour- by mistake I didn't send it. So you beat me to this call

ATG