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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Tom Byron who wrote (8404)	3/17/1998 1:47:00 PM
From: kimberley	Read Replies (1) \| Respond to of 116789

Tom, probably a stupid question... I don't pretend to understand EW, but in the 1-2-3 cycle, is 1 down, 2 up and 3 down? tia, kim

To: Tom Byron who wrote (8404)	3/17/1998 2:17:00 PM
From: Tom Byron	Respond to of 116789

Well, the XAU just broke down further. Down 1.95. Looks like the downside of the 10 weeks cycle is taking strong hold. Is the XAU going to retest the 68 area, the recent low of late Feb?? The upward support line from the Jan 12th low and that late Feb low looks to have been broken. I think a re-test of 68 is in place. (IMHO)... Also something must be going on in the COMEX Gold Futures market. That market closes in 12 minutes. Lots of time we see action during the last 10-30 mintues. Actually, I should wait for the close today of the XAU. Looking at a chart made up of "closing" prices only, at this time the XAU MAY NOT have broken that upward support line.