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To: bobby beara who wrote (12198)5/26/1998 10:08:00 PM
From: Tom Byron  Read Replies (3) | Respond to of 116834
 
bobby:

Just an observation. Noticed at the Gold Forcaster (XAU) site...http://www.wavechart.com/systemtrader/gold.htm that when one take a look at the "Intermediate Term" XAU chart, I see that a support line can be drawn on the CCI Indicator starting in late October, 1997 when the indicator was at -250 to today's low on the CCI indicator. That makes 4 bounces off the support line.

Will be interesting to see if this is a true support line tomorrow. Yes?