Forum Archive Index - November 2003

["Allan Potts" <ajp7079@excite.com>]

Dear Phaedrus,

Since gold has been falling as of late, I'm wondering if you could inform us 
where the trendline break is currently???

Allan




 --- On Fri 11/14, Phaedrus < Phaedrus@techemail.com > wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Fri, 14 Nov 2003 12:18:55 -0800 (PST)
Subject: [sharechat] Gold chart

>From a technical perspective, the gold situation is very clear.<br><br> Since 
>the lows of early 1991, gold has been in a steady uptrend, consistently making 
>higher highs and higher lows. The rate of this uptrend has been increasing - 
>the price accelerated away from tentative trendlines before they were 
>confirmed as trendlines became steeper. The lastest trendline, though, has 
>been repeatedly confirmed, and a break of this would provide a clear exit 
>signal for those wanting to lock in profits.<br><br> The break of the 
>confirmed long-term downward trendline in February 2002 gave long-term 
>investors a good entry point.<br> <br> Trading the medium-term trendline 
>breaks continues to be very successful - buy/sell points are marked with 
>arrows. More active traders would find Relative Momentum Index signals to be 
>even more profitable, though their use necessitates a higher level of 
>activity.<br><br>                  Phaedrus.<br> <br><br> 
><br><br>_____________________________________________________________<br>Are 
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