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<DIV><FONT color=#000000 size=2>In this gif we see 4 charts. We see retracement
of the first move down in Russel 2000 Nasdaq and March S&P.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>They all show how the retracement stoped at the
all important-last-stop 78.6% level. They all formed something that could look
like a flagg in the decline perhaps indicating an upmove. However look at the
S&P and see the rising volume , negating the implications of a flagg
(up).</FONT></DIV>
<DIV><FONT color=#000000 size=2>please also note the small Gap that has been
filled. After it was filled, we "Should" have moved up - but we
didn't, so, in my opinion. the trend is Down. </FONT></DIV>
<DIV><FONT color=#000000 size=2>Russel just filled it's gap yesterday, lets see
what happens today.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Also note the weekly Nasdaq, how the trend was
broken and quickly reversed for a decisive break the next week. We are now
trading below the trendline and we need a minor miracle to transform the
shooting star to something positive.</FONT></DIV>
<DIV><FONT color=#000000 size=2>(But we have seen it before - right? In October
1999!)</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Well, if it's not THE top it certainly looks
like A top</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Some time in the future we may look at
Gold.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>On Dec 6 we saw an Island reversal with a gap
that has not yet been filled. we have had a small double bottom just on top of
the Gap Right on the 78.6% retracement level. The day before yesterday we had a
Bullish Engulfing Candlestickpattern with an inside day yesterday. And we are
just below the major resistance line. </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT><FONT size=2>BreakUp or
BreakDown?</FONT></DIV>
<DIV><FONT size=2>It will be interesting to see if a further decline in stocks
will initiate a rise in Gold.</FONT></DIV>
<DIV><FONT size=2>Any suggestions?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>The XAU Stopped at an important support level (The
Pluto, Venus and Mecury Planetary lines as displayed in Quick Harmonic Trader
from PAS)</FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>Ready for Garbage
anyone?</FONT></DIV>
<DIV><FONT size=2>Or have you seen the Goldman Sachs Index racing
upwards.</FONT></DIV>
<DIV><FONT size=2>Oil.</FONT></DIV>
<DIV><FONT size=2>Or did you noticed that Bonds went up and filled the Break
Down gap from the H&S I pointed out some time ago (Which some said was not a
H&S..).</FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>And is now heading lower
again after fullfilling it's duty.</FONT></DIV>
<DIV><FONT size=2>Well, this is exciting times indeed</FONT></DIV>
<DIV><FONT size=2></FONT><FONT color=#000000 size=2>And on Sunday I am going
skiing and it's snowing!!!!!!!!!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Regards</FONT></DIV>
<DIV><FONT size=2>Stig </FONT></DIV>
<DIV> </DIV></BODY></HTML>
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