Re: [RT] The Gold Thread

["Don Roos" <rosewood@xxxxxxxxxxxx>]

Stig:
 
I would put no credence in a long term 
breakout based upon a arithmetic chart.  What we have here from your chart 
may be pure happenstance.  What does the log chart look 
like?
 
Thanks,
 
dr
<BLOCKQUOTE 
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  ----- Original Message ----- 
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: 
  Stig O 
  
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Sunday, May 20, 2001 8:58 AM
  Subject: Re: [RT] The Gold Thread
  
   
  <BLOCKQUOTE 
  style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
     
    Before we get all ga ga, lets look at 
    history and see what
    the statistics tell us about what has 
    happened to Gold
    prior to now.
     
    Clyde
     
     
    I can't argue there Clyde.
     
    If we look at the picture, taking the move out 
    of context, looking at price only, which some people prefer to do, there is 
    a good case for price to stop there.
     
    However the enclosed gif, which I did a couple 
    of moths ago (i am not sure I posted it), shows *why* we have the move. 
    
    If my logic is correct, and this is a break out 
    move, and taking into account that it is looong ovedue (due to price 
    pricemanipulation by some deep pockets - some people argue), this break out 
    is probably like something we never have seen before.
     
    Didn't Gann say that the 4th break out try will 
    show the way (or something like that - any Gann expert out there?) - this is 
    the 4th try on the main 
    resistance line 1980-1996.
     
    If you look closely at the picture, you will 
    see that the break takes place EXACTLY at the apex. All downpressure have 
    been exhausted. Nothing left.
    Watch how price has clinged to the upper part 
    of the trend line for the last 9 months
    There is lots of power beneath this 
    break out.
    And finally watch the false break below the 
    support line last month, which is so typical for gold before a big 
    move.
    It will be interesting to see if the New Moon 
    on Tuesday will give "new" power to Gold or if is the intermediate top for 
    the final test of the trendline before the BIG move begins.
     
    more...To 
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