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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (2922)	10/21/2006 11:07:22 AM
From: orkrious	Respond to of 50181

"GOLD HITS $600 WALL -- WALL WINS!" roflmao, I should have taken bets a week ago on your posting that. I doubt there are many people who expected this area, where the 50 and 200 day averages and the horizontal resistance all converge, to be taken out on the first try.

To: SliderOnTheBlack who wrote (2922)	10/21/2006 9:07:43 PM
From: panthornet	Read Replies (1) \| Respond to of 50181

"GOLD HITS $600 WALL -- WALL WINS!" Let's get thru the US elections before we call the top.

To: SliderOnTheBlack who wrote (2922)	10/22/2006 10:17:35 AM
From: Fun-da-Mental#1	Respond to of 50181

Slider, you may well be right the gold bull is over, but I question your interpretation of the 50/200 DMA crossing, because every time this happened in the past it was a buying opportunity. I'm not saying it will be this time, but look what happened before: stockcharts.com My understanding is that when short and long DMAs cross in opposite directions (in this case 200 going up and 50 going down) it is not necessarily a reversal signal. It's only a strong signal when they cross in the same direction. When they're both going up it's called a "golden cross" and when they're both going down it's called a "death cross". By the way, a good book that combines technical analysis with the type of mass psychology stuff you've talked about is "Psychology of Finance" by Lars Tvede. It's a thin book that costs over $100 but it was worth it to me for what I got out of it. Regards, Fun-da-Mental