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To: mishedlo who wrote (71505)	4/16/2003 2:45:44 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

So, here we are at that S+P 200 dma again. Dow already slice through its similar barrier today (I'm talking SMA, by the way). The down since this morning has been dribbly... but the up has simply not existed. On an individual stock note: check out MERQ, which reports today. Not a good stick going into earnings. Still, earnings don't care sticks, so who knows? And thread fave QLGC also sports what could be a decent top look today. the freep

To: mishedlo who wrote (71505)	4/16/2003 4:57:04 PM
From: Shack	Respond to of 209892

I don't follow gold itself mish but the HUI does not appeal to me right here on either the bull or bear side.. Since the channel off the 2000 lows broke down we haven't done much. I could see another wave up or a complete breakdown. My gut tells me the move up off the March lows is corrective but I wouldn't bet any money on it.

To: mishedlo who wrote (71505)	4/16/2003 5:32:09 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

FWIW, GCO3M gold since the top on Feb. 2 declined in what can be seen without difficulty as 5 waves. If you check the 120 min chart, you'll see a series of bullish MACD divergences. I figured it was due for a bounce, and it did, but so far sluggishly, in 3 waves. A 38% retrace of the decline should take the price into the mid-340's. It should show more strength in the next day or two, I think, if this scenario is correct. An alternate would be that the range from 2/18 to 3/11 was a triangle, and that the entire decline was in fact an A-B-C. This would be much more bullish. A move under the recent low of 320 would mean that the game plan is not what I thought it was...