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Stig,
The possible problem with a sharp move in Gold now is that it came just
before Mars (metals) and Neptune (inflation) are going retrograde. This
could be a classic set up for a high. The key is what Gold does starting
Monday after the planets have done there thing. I would use this week's high
as a key reistance level. Key times = key prices.
Cheers,
Norman
----- Original Message -----
From: "Robert Hodge" <r-hodge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, May 11, 2001 2:24 AM
Subject: RE: [RT] BREAK OUT!!!
> Stig O,
>
> I see that the sharp move up in Gold on Wednesday happened with a sharp
> increase in open interest...looks like maybe this rally in Gold won't be
> just another one of those sharp short-covering rallies Gold is prone to...
>
> Now why would gold be rising and bonds falling? Hmmmmmmmm
>
> R
>
> -----Original Message-----
> From: Stig O [mailto:olausson@xxxxxxxxxx]
> Sent: 09 May 2001 21:57
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] BREAK OUT!!!
>
>
> We have break out!
>
> check this out!!!!!!!
>
>
http://www2.marketwatch.com/tools/stockresearch/screener/results.asp?state=4
>
&exchange=0&siteID=mktw&s10=1&s10p1=54&col=0&col=4&col=1&col=5&col=2&col=3&c
> ol=14&sort=45&sortd=0&numresults=25&screen_me.x=32&screen_me.y=12
>
>
> If you you can't connect, the gif will show you what it's all about.
>
> These stocks are moving, not in a V bottom manner, but breaking out of
> loooong grinding bottoms. Several breakouts today. Just choose and pick.
> VERY strong bullish charts.
>
> Check out gold. Island reversal today and it wasn't even at a bottom, just
a
> retracement.
> Full moon bottom yesterday, It "should" have been a top. Good sign.
>
> Looks like the RT Indicator is working.
> Yesterday we had 118 posts in ONE day. And that was without any one big
> issue beeing discussed. Lots of energy
> looks like a top in Nasdaq.
> The TA has been shown with gifs in earlier posts so I won't take up
bandwith
> with that.
>
> Now the issue is GOLD
>
> Stig
>
>
>
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>
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