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To: long-gone who wrote (33388)5/7/1999 2:30:00 PM
From: Broken_Clock  Read Replies (2) | Respond to of 116762
 
Not so Richard. The breakout was predicated on a weekly close above 81. Some may have anticipated that event, but what a difference a day makes. look for POG to head lower next week as there will be fewer shorts to cover.



To: long-gone who wrote (33388)5/7/1999 3:53:00 PM
From: Ken Benes  Respond to of 116762
 
Richard:

TA works very well, however, it is an art form as much as a science and few have mastered combining those two aspects into one very powerful tool. If you remember, about one week ago, I posted an analysis of the XAU by a very powerful Elliot Wave program. The findings were pretty conclusive, a move above 87 would be needed to indicate the beginning of an impulse wave. If such a wave had unfolded, you could consider that a breakout. We came close but no cigar. Those damn 8000 tonnes again.

Ken



To: long-gone who wrote (33388)5/7/1999 9:24:00 PM
From: Jim McMannis  Respond to of 116762
 
Richard,
RE:"Several the other day said we had an
XAU break-out, I said T/A does not work in a manipulated market!
I rest my case. "...

I never said that. I took profit at 76. A little early but very accurate none the less.

Jim



To: long-gone who wrote (33388)5/8/1999 1:21:00 AM
From: goldsheet  Respond to of 116762
 
<<I find technical analysis to be my most useful tool.>>

Bob, with all due respect to your charts, Several the other day said we had an XAU break-out, I said T/A does not work in a manipulated market!
I rest my case.

It works fine for me, I sold my gold stocks Thurday morning.