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To: Gary H who wrote (20841)5/1/2004 2:40:23 PM
From: sea_urchin  Respond to of 82254
 
Gary > From the chart you supply there is a strong divergence between the the lower lows of the gold price and the MACD zero oscillation which indicates an upward turn in price

Which chart? Seems there's a bullish divergence somewhere?

> What can not be ignored is the Fibonacci retracement from $432 to $254 where the current price has already dropped below the 23.6% line.

Regrettably, I'm not a "Fibonacci boy", so I can't comment. But it seems you are forecasting $361 as a bottom?