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Strategies & Market Trends : Group Theories -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (726)	10/8/2003 5:34:00 PM
From: macavity	Respond to of 1017

IT Outlook PM Complex (Update). IT Outlook : BEAR Intra-day, $HUI just tagged above last week's high. This is usually the first sign in a change in the Intermediate Term Momentum charts. This was not confirmed by $XAU, but should serve as a warning that things may start getting harder here on the short side, and that one should possibly start looking to tighten stops/look for support going forward. There does not appear to be significant volume spikes in individual stocks. On the ST outlook, the index is not o/bought or anything so there is no reason to suggest a pullback from these levels. ST charts today were #NA/BEAR and have now possibly turned positive. IT_MOMENTUM remains BEAR so I am not proposing that the IT Outlook has changed, it has turned to MIXED if anything. I am just commenting on an improvement in the behaviour in an index that is o/sold in the IT timeframe against a strong and bullish LT Trend. I would look at the 21d Stoch to give a buy signal here, if we do not form a new low. I will be watching PM stocks here for opportunities to buy over the coming 3-8 days. "Cover shorts at support!" (If you have been so brave to have shorted this bull!) -macavity

To: macavity who wrote (726)	10/11/2003 8:45:07 AM
From: macavity	Read Replies (2) \| Respond to of 1017

IT Outlook: PM Complex. Outlook: MIXED from BEAR There are signs of life for the bulls - the decline is getting 'stochastic' support. This was hinted with the $HUI weekly chart turning up (though not the $XAU). IT_MOMENTUM is BULLISH for both indices. We will see this week if this leads to a further rally in the PMs. For now I will wait rather than predict it. As the LT_TREND is strongly positive, I would look to just pick up some positive exposure when the stocks look up. I may buy some of the e-mini gold or silver futures. MO PVT PVTHIGH PVTLOW $XAU #N/A BEAR 93.23 87.8 $HUI #N/A BULL 200.77 187.81 $AU BEAR BEAR 388.8 367.1 $AG BEAR #N/A 4.93 4.75 Outlook: MIXED -macavity