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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (178)	4/7/2008 11:47:34 PM
From: AllansAlias	Read Replies (1) \| Respond to of 3209

So, what does this chart tell us? I ask sincerely, not to provoke. Does it tell me what is in play here? Can it help me trade in/out of gold? Is there some important resistance/support I should be looking at? Out of the gold low that is overlayed by your lower dark blue line, would the line have helped me get in, get out, stay in -- a gold trade? Imho, and it is only mine, forks and MAs are fine when the trend is strong. By the time that the trend is so broken the the fork/MA no longer works, it's awfully late. For trading, and this is mostly what matters, we need tools to answer the questions: 1) Get in? 2) Stay in? 3) Get out?

To: Stoctrash who wrote (178)	4/7/2008 11:55:56 PM
From: Galirayo	Read Replies (1) \| Respond to of 3209

I drew this XAU up over a month ago .. but tonite I noticed it might be running in a channel .. so I stuck a fork in it to see what it looked like. :) It seems to fit perfectly for support. The XAU is the closest I get to the HUI. Click on the image and it will enlarge. Looks like a Big Cup and Handle to me. img211.imageshack.us img301.imageshack.us And in the the HUI the lower tine is replicated fairly closely by the 144MA as support.