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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pogbull who wrote (1863)	7/12/2004 11:36:48 PM
From: Andrew	Respond to of 29622

stockcharts.com[w,a]dacayyay[dc][pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G Not a big one, just to the lower trendline of this recent uptrend. Maybe a brief dip just below 400, mid high 390's. Looks to me like the Gold share charts are getting ready to start a new move up. The Weekly charts look ready to turn. The W pattern is ussually good bottom pattern. stockcharts.com[w,a]wacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G stockcharts.com[w,a]wacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G I'm trading off the 60 min chart and most of the Gold stocks I watch broke their uptrend line today and most were in overbought territory along with the HUI and XAU. I will look to buy back in when the 60 min looks oversold. Could take a few days or maybe more. Subject to change of course as TA is not an exact science. The NASDAQ is looking oversold on the hourly but it has lost its 200 MA stockcharts.com[w,a]dacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G DOW got jammed at 2 PM, right on the 200 stockcharts.com[w,a]dacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G SP500 near 200MA stockcharts.com[w,a]dacayyay[pd20,2!b200][vc60][iLa12,26,9!Lh14,3]&pref=G Interesting to see if the broad market can stay above the 200 MA. I dont care what they say on CNBS, technicals matter.