2 replies to this topic

[Wallcrawler]

I had this posted over in the fearless forecaster section.
And this is not to take away from - mss's - great post earlier.


I have tracked the XAU index for some time now and am looking for some bottoming to take place (which I believe we cloe to seeing) I have had target of 75 for awhile. Not sure yet if we will reach it , but will be watching closely. Some $$$$ to be made on this index. I personally trade options on this index and many of the ETF's

[img]http://quote.prophet.net/JCPrintChart?href=http://COURAGE.prophet.net/TemporaryFiles/JavaCharts/733.1116296878310.print.gif[/img]

A nice possible MORNING STAR candle (daily chart) today of which we will need comformation tomorrow.

Looking at a 30min chart I am watching the Bbands tightening up. We could still have a wee more decline yet, but then she is off the launch pad. (I will keep my 75 target for now, but it could very easily take off before that due to the bullish candle we got today. WE SHALL SEE!!!!!!!!

[img]http://quote.prophet.net/JCPrintChart?href=http://COURAGE.prophet.net/TemporaryFiles/JavaCharts/734.1116297124840.print.gif[/img]

Edited by Wallcrawler, 16 May 2005 - 09:38 PM.

[mss]

Nice post and charts. Different views or charts is what makes this board great. None of us are right every time, nor are any of us wrong every time. Sometimes we all are on the same side, just different ways to look at things. Good job, and informative post.

[Wallcrawler]

Nice post and charts. Different views or charts is what makes this board great. None of us are right every time, nor are any of us wrong every time. Sometimes we all are on the same side, just different ways to look at things.
Good job, and informative post.

<{POST_SNAPBACK}>

Thanx mss for the kind words. This forum is great and it is great to have fellow traders to read and gleen from.

Love that cat of yours!

WC