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Don't know what
happened to my original post. Perhaps the gif was too large 39,8 kb so I'll do
this one without gif (comparing XAU and Gold).
XAU can be seen at <A
href="http://www.stockcharts.com";>www.stockcharts.com and Feb Gold at <A
href="http://www.commoditytrader.net";>www.commoditytrader.net if you
don't have data.
>Looking over the daily charts of ndx, spx,and
the dow, it appears IMO that the next major move will be on the
downside
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
Agree.
A close below is a close below the 1/26
bottom and below the neckline of the inverted H&S pattern. These
failures are often followed by dramatic moves down.
Look instead at the ?? inverted H&S in the
XAU. It seems like we now are entering wave 3 up which should generate an
equally dramatic upmove there.
Also note the classic
bullish divergence to Gold.
Also look at the Aug 99 bottom. The Feb 01
contract shows that the Jan26 is lower than the Aug99 bottom. this doesn't
show up on a continuation chart.So diverence in this case is also
"Hidden", but nevertheless true.
stig
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