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you mean to attach xau chart???
<FONT face=Tahoma
size=2>-----Original Message-----From: Clyde Lee
[mailto:clydelee@xxxxxxxxxx]Sent: Thursday, June 06, 2002 12:38
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] FW:
QQQ's - next target = 25? (NDX 1000)The outside
channel projections of the Hurst channels basedon a 170 bar period would
support the possibility of a runbelow the 26 level in early
July.But, for the current it looks like a run to 32 might be in
store.Clyde- - - - - - - - - - - - - - - - - - - - - - -
- - - - -Clyde Lee
Chairman/CEO (Home of
SwingMachine)SYTECH
Corporation email:
clydelee@xxxxxxxxxxxxDetails
at:
www.theswingmachine.com- - - - - - - - - - - - - - - - - - - - - - -
- - - - ------ Original Message -----From: "Gary Funck"
<gary@xxxxxxxxxxxx>To: "Realtraders@xxxxxxxxxxxx Com"
<realtraders@xxxxxxxxxxxxxxx>Sent: Thursday, June 06, 2002 11:19
AMSubject: [RT] FW: QQQ's - next target = 25? (NDX
1000)>>> (I shouldn't be doing TA without a
license, but here goes.)>> QQQ's are currently trading at 28.96.
The 9-11 52-wk low is 27.20. Volumeis> moderate.>> I
think there's a decent chance of a "flush" at the 28 level which
drives> prices to 25 (or 1000 on the NDX).>> 1) we've
seen consolidation at round (well, multiples of five) numberslike
40,> 35, 30 on the QQQ's, and after some consolidation, a failure, and
a quickmove> down to the next round number. In the current setting,
the last place that> people seemed to buy the break out was the 35
level (they've tried ittwice and> it failed). 20% down from that
level would be (35 - 7) => 28. This iswhere the> margin players
will have a tough time, and we should expect to see highvolumes> in
the early AM, some day soon, and some further selling (assuming
thetheory> holds), which would drive prices down to 25 - the next
natural place for> consolidation and support.>> The lower
neckline on the long-term NDX chart is at about 27.25, basis the> QQQ's
or just shy of 1100 on the NDX. The 1000 level (QQQ = 25) shows upas
the> next line of support below the neckline break.>> To
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