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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (191846)	7/23/2011 5:15:29 AM
From: 2MAR$	Respond to of 209892

XLB returned full monty as have MON DD NEM & FCX...just pulled back from touch to that triple top pivot high near $41 ...playing these swings as defined as they are & as strong as the sector was leading before hitting top R 1rst among the ETFs .... the short was good at that previous top high on proftaking too . But with PM's & copper trading up here , what's holding one like FCX GG xor NEM back from making even more gains ...as the PM's decide whether to continue to trade like precious currencies or return back to commodity roots. One could see a move up to 1635 for Au & $43 for Ag near term but would rather take the pullbak to 1550 & $37 first ...if missed then take the short higher up . But WTI is also responding to the pullback in the $USD & OIH is trading back up near former lower top R at $162 ....HAL turned into best of breed there also got rewarded as thought earlier . An interesting next 2mos in that sector .... Pretty clear pivots S&R so far thru the summer? Now wither thou goest ?