Scott, yeah it'll be interesting to see what happens next week but for now weakness is here. Just curious to see if the xau/hui would kiss their 200dma. usually, even in a roaring bull market, the any indexes in general will kiss their 200 dma average AT LEAST once or twice a year. The last time for xau was last year May and for hui was last year April. So since they are pretty close to their 200dma (about 7 to 10%) a false shakeout wouldn't be out of the question.
concerning short interest, with the use of modern computer available, delaying the short interest data is just pure manipulation by the exchange, pure and simple, not excuses.
best, SC.
5 hourly waves down in gold and gold stocks
Started by
senorBS
, Apr 06 2004 07:53 AM
12 replies to this topic
#12
stockbucks_coffee
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- Traders-Talk User
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Posted 13 April 2004 - 01:55 PM
well darn, the xau/hui are getting darn close to kissing their 200dma. so it might happen after all.
as of now xau=96.25, hui=214.34
their 200dma 95.93 209.60.
#13
SevenOfEleven
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- Traders-Talk User
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Posted 14 April 2004 - 01:45 AM
Speaking of kissing...well darn, the xau/hui are getting darn close to kissing their 200dma. so it might happen after all.
as of now xau=96.25, hui=214.34
their 200dma 95.93 209.60.
