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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?


To: A Horse With No Name who wrote (19825)1/7/2005 2:04:48 PM
From: Nihontochicken  Respond to of 108690
 
Re GLD, maybe a bounce off the 200 DMA (currently 41.04), but the momentum is very downward right now. Look at the MACD on the daily, also the large Bollinger band divergence that started yesterday.

smcurl.com

I'd advise keeping powder dry for a while yet (myself looking for an entry into CEF, now that the premium air has been let out).

NC