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Gold popped today! I'm filled.
JS
--- Earl Adamy <eadamy@xxxxxxxxxx> wrote:
> Gold can do whatever gold wants to do but it will do
> so without my
> participation. There are many other fish in the
> futures pond and I see no
> reason to risk the volatility, the NY gold pit, and
> the miners vs banks.
>
> Earl
>
> ----- Original Message -----
> From: ken weiner <traderksw@xxxxxxxxxxxxxxxx>
> To: The Torch <iceman_nrg@xxxxxxxxx>
> Cc: Real Traders <realtraders@xxxxxxxxxxxx>
> Sent: Tuesday, November 09, 1999 9:43 PM
> Subject: Re: Futr: Gold
>
>
> > The Torch wrote:
> > >
> > > RT's Gold is interesting...I did some analysis
> on it and came up with
> > > a possible buy scenario based on Boucher's
> Runaway Criteria and Fib
> > > Retracements. Check out the attached chart. Any
> comments? JS.
> > >
> > >
>
----------------------------------------------------------------------
> > > Torch,et al
> > A few golden thoughts:
> > 1-If memory serves, descending right angle
> triangles tend to
> > portend a continuation of a down move in a down
> mkt more often than a
> > reversal
> > 2-Mkts that reach the apex of a triangle are
> more prone to false
> > breakouts (a.k.a. "Crazy Ivans" to use Walt Down's
> term - a false move
> > up and then a plunge down through the horizontal
> base line)
> > 3-This IS a NY mkt which to some would
> increase the probability of
> > #2 happening
> > 4-However, in the bullish camp, I did note
> bullish price/osc
> > divergence and a slight bullish diverg in OBV, low
> CO numbers and the
> > activity in gold stks mentioned on RT which can
> precede an up move in
> > futures
> > a- of course, everyone and all their
> relatives will have a stop
> > in @287.9 or so
> >
> > Gold is presenting a reasonably typical trading
> situation with pros and
> > cons for either posture - thats where the
> intuitive edge of the trader
> > more seasoned than yours truly proves telling.
> Ken
> >
> >
>
>
=====
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