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To: sea_urchin who wrote (32499)4/25/1999 7:18:00 PM
From: Zardoz  Read Replies (2) | Respond to of 116762
 
"Hutch : Tell me truthfully, if you didn't know this was the XAU, you would say it's going up twenty points or more?
decisionpoint.com "
The plateu of the last few days makes me question the upward trend.

I'll do you one better. This is XOI, or OIL index.
decisionpoint.com
We all knew that OPEC was meeting, and were likely to lower prodcuction. But it wasn't until the day of the meeting before the XOI rose. So how far in advance of GOLD rising is the XAU suppose to rise? More to the point, if the XOI is tied to the commodity OIL, then ranges of XOI/OIL can be charted. But if a commodity is over valued such as OIL is now {since the event shouldn't effect prices immediatley} then maybe the XOI is ready to fall again?

But back to gold. Unless the POG climbs, the XAU will drag. So you ask:"if you didn't know this was the XAU, you would say it's going up twenty points or more?". Besides looking more into the TA, I'd have to say...
Based only on the CHART provided... I'd say that it's forming a second down trend channel, and a bounce onto the lower red line once more. But there is not sufficient amount of charting data to determine a real trend. But by including other data, such as US dollar index {which my fundamental suggests a correlation with}
decisionpoint.com
charts.quotewatch.com
I'd say the US dollar index may/is climbing, and as such may undermine or stabilize the XAU.

But knowing that it's also related to gold. I'd say it's at an upper trading range. But how many equities aren't trading at an over priced range these days?

PS: But what do I know, you're the Guru.



To: sea_urchin who wrote (32499)4/25/1999 7:32:00 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 116762
 
I have the top this week pegged around 73 with a possible downside of 66 then 59.

Follow my daily chart link then the daily is in the top group of charts and the weekly is about half way down.

homestead.com

Good Luck,

Lee



To: sea_urchin who wrote (32499)4/26/1999 7:37:00 AM
From: John Hunt  Read Replies (3) | Respond to of 116762
 
OT World War Three set to start in July - Nostradamus

<< CAPE TOWN, April 26 (Reuters) - World War Three will start in July in the Balkans, last seven months and end in victory for the U.S.-led North Atlantic Treaty Organisation, according to a new analysis of 16th century French seer Nostradamus. >>

abcnews.go.com

Hi Searle,

I see we have a new believer in ole NostraD in South Africa ... You havn't started writing under a pseudonym, have you?

< g >

John