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<P> </P>can someone explain me the following: </FONT></DIV>
<DIV><FONT size=2>
<P><FONT size=2>I fing the next programm in tradehard.com ( very good webpage
for a STUDENT( intensive one) smile</FONT></P>
<P>but I could not understand...is someone among you want to be expain for a
newcomer. new student.</P>
<P>" the program activity today: The buy programs come in at 11.55 (the
spread between the S&P cash and the S&P futures); sell programs come in
around the 7.43 level, and fair value is 9.26. Disregard the fair value you see
on CNBC--they don't do it like the program traders do it. "</P>
<P> </P>
<P>best regards.</P></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Apr 11 07:15:37 1999
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Date: Sun, 11 Apr 1999 15:38:29 +0200
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From: "Stig Olausson" <olausson@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Sv: MKT DJIA Retracements
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There are some VERY interesting clusters of Astronomical events taking
place relative to gold at present.
Ray Merriman in his gold book states that one of the most powerful
signatures relative to trend change in gold is the Saturn7Neptune aspect.
"Major trendreversals coincide close to the time of aspect between these
two planets" he writes.
Gold had a low on April 1 and Saturn squared (90 degrees to)Neptune on
april 6.
He also shows a similar powerful trend change, historically, when Venus
goes dicrect. This time it happend April 2nd (the day after last low). Sun
was Conjunct Jupiter on April 1st, the day of the low. This is what he
calls a Level 2 signature (2nd best)
Furthermore Jeanne Long in her "Basic Astrotech" states that when Mercury
travels through Sagittarius (takes 11 days), gold prices, more often than
not, rises.
On April 7 Mercury entered Sagittarius.
She also describes a"4th day pattern on gold", a pattern that regularly
develops when gold has made an isolated low and this pattern is often the
beginnin of a trend run.The pattern has deveoped since 4/1 EXACTLY as
described and had a buy sinal Friday 4/8.
I find it very interesting that we seem to have a low, in time, exactly
where it is supposed to be, astrologically, and that, after the low we are
entering a period which historically, astrologically, favors rising prices
and we also have a technical setup for a rise.
This setup happens at the lower trendline in a falling trendchannel after a
sharp selloff which is typical for important bottoms in gold. On the last
two swings we have also seen falling open interest in the downmove and
rising open interest in the upmove. Often interpreted as bullish
Friday was an outside day further strengthening (short term) the case fo an
upward move
Looking at silver we find a similar pattern in open interest as with gold,
furthermore there is divergence in price to gold. The now low in gold is
not supported by a new low in Silver. there is also positive divergence in
MACD relative to the silverprice. And an interesting bottom in Stochastic
RSI has formed, also with divergence to price.
Going back to gold, I have included a Gif showing gold with "Galactic
Trader"
What you see are (red) Mars Planetary lines, that often works as
sopport/resistance lines for gold - Jupiter lines (blue), are also shown.
To me, it's interesting to see that the last bottom in Gold found support
att BOTH Jupiter line and a cross between a mars line and it's mirror line.
Anyone interested in why gold has declined below silver, should visit Frank
Taucher's Supertraders Almanac at
http://www.supertraderalmanac.com/TotW/updated_19990327.htm where you will
find his opinion on why he thought on march 27 that gold will bottom out -
at least intermediately.
Looking at the US dollar, we find us in wave 5 of a 5 wave rise.
Chartpatternwise we are at tthe lower trendline of a rising (bearish)
wedge. Breakdowns from rising wedges are often very volatile. IF we have a
break down in the USD, it could be the trigger for a rise in Gold. Robert
Miner is actually expecting either a breakdown OR an upward dramatic
positive move, the NEXT TWO,THREE days.
Finally, I find it supportive that Robert Miner in his weekly Report, does
not mention gold at all (he hasn't for a month). This to me, indicates the
trading community is not expecting anything special in gold, which could
very well support an agressive rally at least to the upper trend line.
The XAU index is right the 78,6% retracement line of the last upmove, which
is the last support before a new low and usually very strong. However there
seems NOT to have been a a lot of goldstocks rising BEFORE this bottom,
indicating that we are NOT seeing a new BULL market. But a bounce to the
295 area isnt bad either, iif you know how to trade it (I can't...)
Sorry for the long post. My intention was to show the Astro impact, but it
seems I got carried away...
regrads
Stig
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