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<DIV><FONT color=#000000 size=2>Norm and Stig - thought you might like to see a
simple TA concept that I apply to the bonds whenever it occurs. I do
actually trade Gold with options on a 'for fun' basis even though I do not think
it funny when the Bank of England helps to drive the market down, with our
reserves. But having done so, the Double Bottom setup had to be
worth a punt...</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Bill Eykyn</FONT></DIV>
<DIV><FONT size=2><A
href="http://www.t-bondrader.com";>www.t-bondrader.com</A></FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>nwinski <<A
href="mailto:nwinski@xxxxxxxxxxxxxxx";>nwinski@xxxxxxxxxxxxxxx</A>><BR><B>To:
</B>Stig O <<A
href="mailto:olausson@xxxxxxxxxx";>olausson@xxxxxxxxxx</A>><BR><B>Cc:
</B>realtraders@xxxxxxxxxxxx
<<A
href="mailto:realtraders@xxxxxxxxxxxx";>realtraders@xxxxxxxxxxxx</A>><BR><B>Date:
</B>02 October 1999 02:45<BR><B>Subject: </B>Re: Why did it stop
there?<BR><BR></DIV></FONT>
<P>Stig O wrote:
<BLOCKQUOTE TYPE = CITE> <FONT color=#000000><FONT size=-1>There
are some interesting coincidences with regard to the recent goldprice.Or
is it the Natural Order we are witnessing?</FONT></FONT> <FONT
color=#000000><FONT size=-1>The green line is the Main resistance line
from the 1980 high.</FONT></FONT> <FONT size=-1><FONT
color=#000000>Magenta lines are Andrews Pitchfork from the 1980 high and
1985 low. It's offset by 50% (a function in Dynamic Trader).</FONT>The
line acting as resistance to present price is the 1st warning line in
the Pitchfork
(
"
"
"
)</FONT> <FONT color=#000000><FONT size=-1>The blue lines are Andrews
Pitchfork from the 1993 low to1996 high. also offset 50%.</FONT></FONT>
<FONT size=-1>You may also remember the Gann fan lines posted in my last
goldchart.</FONT> <FONT size=-1>There is no doubt in my mind that if we
break the resistance in the 330 area, we are in for a bullrun that will
parallell the DM run from 1985.</FONT> <FONT size=-1>Have a nice
weekend,</FONT> <FONT size=-1>stig</FONT> <FONT size=-1><FONT
color=#000000>Just as a though experiment...... couldn it be possible
that an upmove from ANY bottom at this time would have stopped at 328
anyway.</FONT>I mean, if we hadn't had this last
"manipulation" move down to 255, then the spike up wouldn't
have been so large.In other words the harm done to the
"manipulators" was self inflicted. (so what?)</FONT> <FONT
size=-1>The word "manipulator" should be understood as small
group of people with ample money resources to move markets. it does not
imply any moral values at all.</FONT> <FONT size=-1>But it's interesting
to see how the natural order MUST run it's course.</FONT> <FONT
color=#000000><FONT size=-1>Hmmmmmmmmm, perhaps I should only post the
charts and leave out the
comments.......<g></FONT></FONT> Stig, <BR>
What if the manipulation was the move up in Gold prices? The Bank
of England and some other central banks decide they want to dump their
gold. So, they get together the major gold dealers and work out a plan
so they can all make a nice chunk of money. The gold dealers take on a
big chunk of gold and then have their press release that they won't be
having any more unscheduled gold sales. What the heck does
"unscheduled" mean? I am sure that most of the time most of
their sales are "scheduled". I have no evidence, but this
whole thing smells just like the Warren Bufftet silver buying
announcement. Silver ran for about one week after Buffet said he was
buying silver. One week later and that was the top. Guess who was
selling silver during that final run?
<P> My guess is that when we look back on this in six month, the
gold rally will have turned out to be an excellent shorting
opportunity. Count me not a bull on bullion.
<P>Cynically,
<P>Pyrite Pete <BR>AKA Norman
<P>P.S. I see nothing in the planetary cycles that would have supported
this Gold rally. That says to me that it is bogus and will fail.
<BR> <BR>
<P>Stig O wrote:
<BLOCKQUOTE TYPE = CITE> <FONT color=#000000><FONT
size=-1>There are some interesting coincidences with regard to the
recent goldprice.</FONT></FONT><FONT color=#000000><FONT size=-1>Or
is it the Natural Order we are witnessing?</FONT></FONT> <FONT
color=#000000><FONT size=-1>The green line is the Main resistance
line from the 1980 high.</FONT></FONT> <FONT
color=#000000><FONT size=-1>Magenta lines are Andrews Pitchfork from
the 1980 high and 1985 low. It's offset by 50% (a function in
Dynamic Trader).</FONT></FONT><FONT size=-1>The line acting as
resistance to present price is the 1st warning line in the
Pitchfork
(
"
"
"
)</FONT> <FONT color=#000000><FONT size=-1>The blue lines are
Andrews Pitchfork from the 1993 low to1996 high. also offset
50%.</FONT></FONT> <FONT size=-1>You may also remember the Gann
fan lines posted in my last goldchart.</FONT> <FONT
size=-1>There is no doubt in my mind that if we break the resistance
in the 330 area, we are in for a bullrun that will parallell the DM
run from 1985.</FONT> <FONT size=-1>Have a nice
weekend,</FONT> <FONT size=-1>stig</FONT> <FONT
color=#000000><FONT size=-1>Just as a though experiment...... couldn
it be possible that an upmove from ANY bottom at this time would
have stopped at 328 anyway.</FONT></FONT><FONT size=-1>I mean, if we
hadn't had this last "manipulation" move down to 255, then
the spike up wouldn't have been so large.</FONT><FONT size=-1>In
other words the harm done to the "manipulators" was self
inflicted. (so what?)</FONT> <FONT size=-1>The word
"manipulator" should be understood as small group of
people with ample money resources to move markets. it does not imply
any moral values at all.</FONT> <FONT size=-1>But it's
interesting to see how the natural order MUST run it's
course.</FONT> <FONT color=#000000><FONT size=-1>Hmmmmmmmmm,
perhaps I should only post the charts and leave out the
comments.......<g></FONT></FONT> </BLOCKQUOTE><BR>
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