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To: waverider who wrote (3538)9/30/1998 10:37:00 AM
From: The Perfect Hedge  Respond to of 14427
 
Diamond-
We just broke support on the xau at 72....that's pretty critical imo..unless we bounce today above 72 we could dip further...72 is bery bery important on the xau...
Looks like a free fall on NKE to 33 to fill the gap since we broke support at 39....

B



To: waverider who wrote (3538)9/30/1998 10:47:00 AM
From: Lucretius  Respond to of 14427
 
to be honest, I don't have a clue (I'd submit that anyone else claiming they know is full of it). S-T is a guessing game if you ask me. But the L-T is UP! I think you can watch the dollar to tell you where Au is going in the near term. I'd expect maybe hovering around $300 for a week, before crashing through it and quickly running to $320. I'd add to positions on any weakness.


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